for help please

CoursHeroTranscribedText: Marvin Company: a building materials distributor, has been operating for only a few months "the Company sells three products; sinks; mirrors and vanities Following are budgeted sates by product and in total forthe coming month. Percentage of Total 32 100 Sales Saie-S Slf 100% Slr' 100% $160,009! 100% Ssoopoor 100% Variable SEUUW 30% SBDJGDCII Ei'l- SBBDDWSE'EI SEADHUUJ' 43% expense Contribution SlitinEiJ000rIr F095. 520.000.i 20% $2.000;r 45% 52450000;r 52% margin Net Operating 53151400 income Dollar sales to break: even = Fixed expensesti'vi Ratio = $23,600f052 = $430,000 its indicated by the preceding data, net operating income is budgeted at 83151400 for the month and break even sales at $430,000 Consider that actual sales for the month total $500,000 as planned Actual sales by product are: sinks 5100,000; mirrors$200,000: and vanities Sl40,000 Required: [at Prepare a contribution format income statement forthe month based on the actual sales data and the budgeted variable expense percentage. Present the income statement using the above format. lb} Compute the break-even point in sales doilars forthe month based on your actual data calculated from part #1 [cjr Considering that the Company met its $500,000 sales budget forthe month; the Marvin Company's President is shocked at the results shown in your income statement from part #1. Prepare a brief memo for the President explaining why the both the operating results and the breakeven point in sates dollars are different from what was budgeted