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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

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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: Units 1.000 Sinks Mirrors Vanities 50e Percentage sex 25% 25% 500 Total 2.000 Product Sinks Vanities Percentage of total sales Sales Variable expenses Mirrors 20% $171,600 137,280 Total 100 $858,000.00 365, 679.60 $382,668.00 76,533.60 100% 20% 100% 30 $303,732.60 151,866.ee 100% Sex 100% 43% Contribution margin $306,134.40 30% $ 34,320 2 035 151,866.00 sex 492,320.40 5 7% Contribution margin per unit $ 306.13 5 303.73 Fixed expenses 446,310.00 Operating income $46.010.40 5446, 310 Break-even point in sales dollars 571.000 Prox 3 of 8 It! Next > pe here to search Break-even point in unit sales: Total Fixed expenses $446,310 - 1,813.89 units Weighted average CM per unit $246.16* *(5386.13 x 0.50) + (568.64 x 0.25) + ($393.73 x 0.25) Assume that actual sales for the month total $930,775 (2.200 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $446,310. Actual sales by product are as follows: sinks, $294,654 (770 units): mirrors, $302.016 (880 units), and vanities, $334,105 (550 units). 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.) SMITHEN COMPANY Contribution Margin Income Statement Product Mirrors Vanities Sinks Total Percentage of total Operating income (los) Prey of B IH Next > are to search 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 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 3 of 8 Next >

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