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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

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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: Units Percentage Sinks 600 50% Mirrors 300 25% Vanities 300 2 5% Total 1 r200 100% I Product Sinks Mirrors Vanities Total Percentage of total sales 46% 30% 24% 100% Sales $415,406.00 100% $272,100 100% $219,494.00 100% $907,000.00 100% Variable expenses 03,031.20 20% 190,420 70% 131,696.40 60% 405,247.60 45% Contribution margin $332,324.80 00% $ 01,630 30% $ B?,?97.60 40% 501,252.40 55% Contribution margin per unit 3 553 .37 $ 2'32 . 10 3 292 . 66 Fixed expenses 404,300 . 00 Operating income 3 96,952.40 Fixed expenses $404,300 Break-even point: in 58.193 dollars I - - $?35' Overall CM ratio 0.55 Break-even point in unit sales: Total Fixed expenses $404,000 I I 3_13 unite Weighted-average CM per unit $418.13* *{3553.8? H 0.50} + [$ZT2.10 x 0.25) + ($292.56 I 0.25] Assume that actual sales for the month total $1,103,244 [1,400 units}, with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted. $404,800. Actual sales by product are as follows: sinks. $339,248 [490 units): mirrors, $507,920 [560 units}; and vanities, $256,076 (350 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.) Operating income {loss} 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 flnal answer to the nearest whole dollar.) 3. Calculate the break-even paint in unit sales for the month. based on the actual data. {Round your nal answer to the nearest whole number.]

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