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: Sinks Mirrors Vanities Units 1,000 560 5eo 2,000 Percentage 50% 25% 25% 100% Total Percentage of total sales Sales Variable expenses Contribution margin Contribution margin per unit Fixed expenses Operating income Product Sinks Mirrors Vanities Total 49% 20% 32% 100% $396,000 100.00% $165,00 180.00% $264,000 100.00% $825,000 180.00% 76, eae 19.19% 64,aeo 38.799 96,000 36.36% % 205,200 24.87% $320,000 88.81% $101,300 61.21% $168,000 63.64% 619,800 75.13% $ 320.00 $ 282.60 $ 336.00 576,980 $ 42,900 Break-even point in sales dollars Fixed expenses Overall CM ratio $576,900 0.75 - $767,896.90 Break even point in unit sales: Total Fixed expenses Weighted average CM per unit $576,900 $294.50 - 1,958.91 units *($320.80 x 0.50) + ($202.80 0.25) + ($336.00 * 0.25) As shown by these data, operating income is budgeted at $42,900 for the month, break-even sales dollars at $767,896.90, and break- even unit sales at 1,958.91. Assume that actual sales for the month total $831,600 (2,100 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $576,900. Actual sales by product are as follows: sinks, $207,900 (525 units); mirrors, $346,500 (1,050 units); and vanities, $277,200 (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 Total % %6 $ $ 25.00% 207,900.00 S 346,500.00 %S 277,200.00 831 600 00 % Percentage of total sales Sales Variable expenses Contribution margin Fixed expenses Operating income (loss) 100.00 % % 100.00 % % % 0.00 % % 0.00% $ 207 900 00 S 346,500.00 0.00% S 277,200.00 831,600 00 S 831,600.00 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 and 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