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 1,993 53% Mirrors 5% 25% Vanities 593 25% Total 2,333 133% I Product Sinks Mirrors Vanities Total Percentage o'F total sales 48% 28% 32% 199% Sales $363,333 133.33% $153,333 133.33% $243,333 133.33% $753,333 133.33% Variable expenses 24,333 23.56% 62,333 41.33% 86,333 35.83% 192,153 25.62% Contribution margin $286,333 79.44% $ 88,333 58.67% $154,333 54.17% 557,853 74.38% Contribution margin per unit $ 285-59 $ 175-33 $ 393-93 Fixed expenses 516,453 Operating income $ 41,433 | . . F' d 516 453 Break-even p01nt 1n sales dollars = Ov:::11e:;e::::o = $ 93.4 = $694,339.88 Breakeven point in unit sales: Contribution margin per unit $ 285-99 $ 175-99 $ 393-99 Fixed expenses 516,459 Operating income $ 41,488 l . . F I d 516 453 Break-even p01nt 1n sales dollars = Ov:::lleae::::o = $ 9-;4 = $694J339.88 Breakeven point in unit sales: Total Fixed expenses $516,458 . . = 1 956.25 .1: We1ghted-average CM per un1t $264.BB* ' unl 5 *($286.68 x 9.59) + ($176.99 x 9.25) + ($398.99 x 9.25) As shown by these data, operating income is budgeted at $41,400 for the month, breakeven 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.) 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 breakseven 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 nal answer to the nearest whole dollar.) l 3. Calculate the breakeven point in unit sales for the month, based on the actual data. (Do not round your intermediate calculations. Round your nal answer to the nearest whole number.) 4. This part of the question is not part of your Connect assignment