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Please fill in the blanks. Thanks Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three productssinks, mirrors,

Please fill in the blanks. Thanks

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Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three productssinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: Unite Percentage Sinks 600 50% Mirrors 300 25% vanities 300 25% Total 1,200 100% Product Sinks Mirrors vanities Total Percentage of total sales 50% 30% 20% 100% Sales $240,790.00 100% $145,200 100% $98,010.00 100% $484,000.00 100% Variable expenses 72,237.00 30% 116,160 80% 53,905.50 55% 242,302.50 50% Contribution margin $168,553.00 70% S 29,040 20% $44,104.50 45% 241,697.50 50% Contribution margin per unit 5 230.92 5 96.80 S 147.02 Fixed expenses 209,000.00 Operating income $ 32,697.50 Fixed expenses $209,000 Break-even point in sales dollars = = = $418,000 Overall CM ratio 0.50 Break-even point in unit sales: Total Fixed expenses $209,000 = 1,037.66 units Weighted-average CM per unit $201.41* *($280.92 x 0.50) + ($95.30 x 0.25) + ($147.02 x 0.25) Assume that actual sales for the month total $582,030 (1,400 units), with the CM ratio and per unit amounts the same as budgeted. Actual xed expenses are the same as budgeted, $209,000. Actual sales by product are as follows: sinks, $196,645 (490 units); mirrors, $271,040 (560 units); and vanities, $114,345 (350 units). Mull-ad- nequnw; 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your percentage answers to the nearest whole number.) Operatinginwmevoss) _-I--I--Ill-I 2. Compute the breakeven point in sales dollars for the month, based on the actual data. (Round your Intermediate calculations to the nearest whole percent. Round your final answer to the nearest whole dollar.) 3. Calculate the breakeven point in unit sales for the month, based on the actual data. (Round your nal answer to the nearest whole number.)

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