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 Percentage Sinks 1,000 500 500 50% 25% Mirrors Vanities 25% 2,000 100% Total Product Sinks 48% $ 388,320.00 77,664.00 Mirrors 20% $161,800 129,440 Vanities Total Percentage of total sales Sales Variable expenses 32% $ 258,880.00 155,328.00 100% $ 809,000.00 1008 1008 608 1008 1008 20% 80% 362,432.00 45% $ 310,656.00 Contribution margin $ 32,360 446,568.00 808 20% $103,552.00 558 $ 64.72 Contribution margin per unit 310.66 207.10 401,500.00 Fixed expenses $ 45,068.00 Operating income Fixed expenses $401,500 Break-even point in sales dollars = $730,000 Overall CM ratio 0.55 Break-even point in unit sales: Total Fixed expenses $401,500 = 1,798.16 units Weighted-average CM per unit $223.28* * ($310.66 x 0.50) + ($64.72 x 0.25) + ($207.10 x 0.25) Assume that actual sales for the month total $868,542 (2,200 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $401,500. Actual sales by product are as follows: sinks, $299,006 (770 units); mirrors, $284,768 (880 units); and vanities, $284,768 (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 Vanities Sinks Mirrors Total 34 % 33 % 33 % 100 % Percentage of total Sales $ 284,768 $ 284,768 $ 868,542 299,006 100 % 100 % 100 % 100 % Variable expenses $ 284,768 100 % $ 284,768 100 % 100 % 100 % Contribution margin 299,006 868,542 Fixed expenses 401,500 $ 467,042 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 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