Chapter 4 Homewor X leto.mheducation.com/ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A%252F%252Fnewc er 4 Homework Assignment -15% Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products Sinks. mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Sinks Mirrors Vanities Total 1,140 578 570 2,280 5erk 252 100 DS Percentage of total sales Sales Variable expenses Contribution margin Contribution margin per unit Fixed expenses Operating income Product Sinks Mirrors Vanitie 48% Total 20% 32% 3261, eee 182.eex $189,75 180.sex $174, eee 18e.ee/ 5543,750 10.bex 1een 78,300 30.sex 87 eee 80.00% 95,700 55.ee $182,700 261 80e 48.sex 70.eex $ 21,750 20.00% $ 78, 308 45.eex 282,750 52.ex $ 160.26 $ 38.16 $ 137.37 243 165 $ 39,585 Break-even point in sales dollars Fixed expenses Overall CM ratio $243, 165 0.52 = $467,625.ee Break even point in unit sales: Total Fixed expenses $243, 165 1,960.88 units Weighted average CM per unit $124.01 *($160.26 x 0.50) + ($38.16 x 0.25) + ($137.37 0.25) As shown by these data, operating income is budgeted at $39,585 for the month, break-even sales dollars at $467,625.00, and break- even unit sales at 1.960.80. Assume that actual sales for the month total $539.000 (2.380 units), with the CM ratio and per unit amounts the same as budgeted Actual fixed expenses are the same as budgeted, $243,165. Actual sales by product are as follows: Sinks. $140,000 (595 units): mirrors. $217,000 (1.190 units), and vanities, $182,000 (595 units). 19 acer F6 FE 10 (60) 3 1 a # $ % ^ ? & 2 3 f 4 5 a 6 - 7 8 2 9 3 W E R T Y U s F G H I K Homework Assignment -15% 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your answers to 2 decimal places.) To Percentage of total sales % % 96 % % % % 96 96 0.00 % $ 0.00 0.00 % 5 0.00 0.00 % $ 0.00 0.00 % 0.00 Operating income (loss) $ 0.00 ces 2. Compute the break-even point in sales dollars for the month, based on the actual data. (Round your percentage answers to nearest whole percent. Round other Intermediate values and final answer to the nearest whole dollar.) Break-even point in sales dollars 3. Calculate the break-even point in unit sales for the month, based on the actual data. (Do not round your Intermediate calculations. Round your final answer to the nearest whole number.) Break-even point in unit sales