Problem 4-20 Sales Mix; Multi-Product Break-Even Analysis (LO9] 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: points Skipped Sinks Mirrors Vanities Units 800 400 400 Percentage 50% 25% 25% Total 1,600 100% eBook Ask Percentage of total sales Sales Variable expenses Sinks 45% $301, 032.00 60,206.40 Product - Mirrors 25% . $166,500 133,200 Vanities 30% $198,468.00 Total 100% $666,000.00 292,640.40 Print 100% 20% 100% 80% 100% 50% 100% 44% 99,234.00 Contribution margin $240,825.60 80% $ 33,300 20% $ 99,234.00 50% 373, 359.60 56% Contribution margin per unit 301.03 $ 83.25 248.09 338,800.00 CS Fixed expenses Scaoperaen income th CamScanner $ 34,559.60 Fixed expenses $338,800 Break-even point in sales dollars -= $605,000 Overall cm ratio 0.56 Break-even point in unit sales: points Total Fixed expenses $338, 800 = 1,451.90 units Weighted average CM per unit inhted average CM per unit $233.35* *($301.03 * 0.50) + ($83.25 x 0.25) + ($248.09 * 0.25) Skipped Assume that actual sales for the month total $760,040 (1.800 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $338,800. Actual sales by product are as follows: sinks, $237,063 (630 units): mirrors, $299,700 (720 units); and vanities, $223,277 (450 units). eBook Required: 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your percentage answers to the nearest whole number.) Print SMITHEN COMPANY Contribution Margin Income Statement Product Mirrors Vanities HAHA Sinks Total Percentage of total 0 0% S operating income (1659) CamScanner 2. Compute the break-even 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.) Break-even point in sales dollars 'rint 3. Calculate the break-even point in unit sales for the month, based on the actual data. (Round your final answer to the nearest whole number.) Break-even point in unit sales Scanned with CamScanner