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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: Percentage Sinks Mirrors Vanities Total Units 1,000 500 500 2,000 50% 25% 25% LOOK Peedu Sinks Mieros Vorte IN 20% $450,000 100.00 $195.000 100.00 3312,000 100.00 76,000 16.24% 74.000 32.95 90,000 28.85% $392,000 83.7% $121,000 62.05% $222,000 71.15% 5 392.00 3 242.00 $400.00 Percentage of total sales Sales Variable expenses Contribution margin Contribution margin per unit Fixed expenses Operating incond Total 100% $975,000 100.000 214,500 22.00% 760,500 7.OK 714,500 $ 45,900 Fixed expenses Overall CN ratio Break-even point in sales dollars $714,600 0.78 $916,153.85 Break-even point in unit sales: Total Fixed expenses 5714 600 Weighted average CH per unit $367.500 -1.54449 (5392.00 -0.50) - (5243.00 -0.25) - $444.000.25) As shown by these data, operating income is budgeted at $45.900 for the month break even sales dollars at $916.153 85 and break even unit sales at 1944.49 Assume that actual sales for the month total $982.800 (2,100 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted $714.600 Actual sales by product are as follows: Sinks $245700 (525 units mirrors, 5409.500 (1.050 units): and vanities. $327600 (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.) SMITHEN COMPANY Contribution Margin income Statement Product Mirrors Sinks Vanities Tatal Percentage of total sales TRE * ODON 5 0.00 000 GOD 0.00 0.00 $ 0.00 0.0019 $ 0:00 Operating income foss) 2. Compute the break-even point in sales dollars for the month based on the actual data. (Round your percentage answers to nearest whole percent. Round other intermediate values ond 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 (Do not round your intermediate calculations Round your final answer to the nearest whole number.) Break even point in unit sales

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