Check my work 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 Units 1,200 600 600 2,400 Percentage 50% 25% 25% 100% Percentage of total sales Sales Variable expenses Contribution margin Contribution margin per unit Fixed expenses Operating income Product Sinks Mirrors Vanities Total 48% 20% 32% 100% $270,000 100.00% $112,500 100.00% $180,000 100.00% $562,500 100.00% 81,000 30.00% 90,000 80.00% 99,000 55.00% 270,000 48.00% $189,000 70.00% $ 22,500 20.00% $ 81,000 45.00% 292,500 52.00% $ 157.50 $ 37.50 $ 135.00 251,550 $ 40,950 Break-even point in sales dollars Fixed expenses Overall cm ratio $251,550 0.52 $483,750.00 Break-even point in unit sales: Total Fixed expenses $251,550 = 2,064.00 units Weighted average CM per unit $121.88* *($157.50 x 0.50) + ($37.50 x 0.25) + ($135.00 x 0.25) As shown by these data, operating income is budgeted at $40,950 for the month, break-even sales dollars at $483,750.00, and break- even unit sales 2,064.00. Assume that actual sales for the month total $554,000 (2,500 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $251,550. Actual sales by product are as follows: sinks, $146,000 (625 units); mirrors, $220,000 (1,250 units); and vanities, $188,000 (625 units). Required: 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your answers to 2 decimal places.) SMITHEN COMPANY Contribution Margin Income Statement Product Mirrors Sinks Vanities Total Percentage of total sales % 96 96 % %6 96 % % % % 0.00% 96 0.00% S 0.00 S 0.00 0.00% S 0.00 0.009 0.00 Operating income (loss) $ 0.00 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