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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: Sinks Mirrors Vanities Total Units 1,240 620 620 2,480 Percentage 50 250 258 100% Product Sinks Mirrors Vanities Total Percentage of total sales 481 205 320 100% Sales $276.000 100.000 $115,000 100.00# $184,000 100.000 $575,000 100.000 Variable expenses 82,800 30.000 92,000 80.000 101,200 55.001 276,000 48.000 Contribution margin $193,200 70.000 23,000 20.000 82,800 45.000 299,000 52.005 Contribution margin per unit 155.81 $ 37.10 $ 133.55 Pixed expenses 252.140 Operating income 5 41,860 Break-even point in sales dollara Pixed expenses Overall CH ratio $257.140 0.52 $494,500.00 Break-even point in unit sales: Total Pixed expenses $257,140 Weighted average CM per unit $120.56 - 2.132.80 units *($155.81 * 0.50) + ($37.10 * 0.25) + ($133.55 * 0.25) As shown by these dato, operating income is budgeted at $41,860 for the month, break-even sales dollars at $494,500.00, and break- even unit sales at 2.132.80. Assume that actual sales for the month total $564,000 (2.580 units), with the CM ratio and per unit amounts the same as budgeted, Actual fixed expenses are the same as budgeted, $257140. Actual sales by product are as follows: sinks, $150,000 (645 units): mirrors, $222,000 (1,290 units); and vanities. $192,000 (645 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 Sinks Mirrors Vanities Total Percentage of total sales % % % % % 0.00% $ % % % 0.00% $ 0.00 0.00% 5 0.00 0.00 0.00 % 0.00 Operating income foss) $ 0.00 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.) Breakeven point in unit sales

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