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Gold Star Rice, Limited, of Thailand exports Thai rice throughout Asia. The company grows three varieties of rice$-$White, Fragrant, and Loonzain. Budgeted sales by product and in total for the coming month are shown below:

Dollar sales to break$-$even $=$ Fixed expenses $\frac{?}{CM}$ ratio $=$$$230,\frac{360}{0\mathrm{.}52}=$$$443,000$

As shown by these data, net operating income is budgeted at $$128,440$ for the month and the estimated break$-$even sales $$443,000.$

Assume that actual sales for the month total $$690,000$ as planned; however, actual sales by product are: White, $$220,800$; Fragrant, $$276,000$; and Loonzain, $$193,200.$

Required:

Prepare a contribution format income statement for the month based on the actual sales data.

Compute the break$-$even point in dollar sales for the month based on your actual data.

Complete this question by entering your answers in the tabs below.

Prepare a contribution format income statement for the month based on the actual sales data.

Gold Star Rice, Limited

Contribution Income Statement

Product

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