Problem 4-20 Sales Mix; Multi-Product Brea k-Even Analysis [L09] 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: Units Percentage Sinks 1,000 50% Mirrors 500 25% Vanities 500 25% Total 2,000 100% I Product Sinks Mirrors Vanities Total Percentage of total sales 48% 20% 32% 100% Sales $360,000 100.00% $150,000 100.00% $240,000 100.00% $750,000 100.00% variable expenses 74,000 20.56% 62,000 41.33% 86,000 35.83% 192,150 25.62% Contribution margin $286,000 79.44% $ 88,000 58.67% $154,000 64.17% 557,850 74.38% Contribution margin per unit $ 286-00 $ 175.00 $ 308-00 Fixed expenses 516,450 Operating income $ 41,400 [ Fixed expenses $516,450 Breakeven paint in sales dollars Overall CM ratio 0-74 $694,339.88 Break-even point in unit sales: Total Fixed expenses $516,450 = 1,956.25 units Weightedaverage CM per unit $264.00* *(S286.00 x 0.50) + ($176.00 x 0.25) + ($303.00 x 0.25) As shown by these data, operating income is budgeted at $41,400 for the month, break-even sales dollars at $694,339.88, and break- even unit sales at 1,956.25. Assume that actual sales for the month total $756,000 (2,100 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $516,450. Actual sales by product are as follows: sinks, $189,000 (525 units); mirrors, $315,000 (1,050 units); and vanities, $252,000 (525 units). Required: 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your answers to 2 decimal places.) Percentage of total sales % Operating' Income (loss) 2. Compute the breakeven 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.) 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.)