Problem $5-21($Algo$)$ Sales Mix; Multiproduct Break$-$Even Analysls $[$L$05-9]$

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 $CM$ ratio $=$$$226,7200\mathrm{.}52=$$$436,000$

As shown by these data, net operating income is budgeted at $$137,280$ for the month and the estimated break$-$even sales is

$$436,000.$

Assume actual sales for the month total $$700,000$ as planned; however, actual sales by product are White, $$224,000$; Fragrant,

$$280,000$; and Loonzain, $$196,000.$

Requlred:

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.