Problem $5-21($Algo$)$ Sales Mix; Multiproduct Break$-$Even Analysis $[$LO$5-9]$ Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Prepare a contribution format income statement for the month based on the actual sales data. Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

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

Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.

Break$-$even point in dollar sales

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 $=$$$232,4400\mathrm{.}52=$$$447,000$

As shown by these data, net operating income is budgeted at $$110,760$ for the month and the estimated break$-$even sales is $$447,000.$

Assume actual sales for the month total $$660,000$ as planned; however, actual sales by product are White, $$211,200$; Fragrant,

$$264,000$; and Loonzain, $$184,800.$

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.