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 1,080 540 540 2,160 Percentage 50% 25% Sinks Mirrors Vanities Total 25% 100% Percentage of total sales Sales Variable expenses Contribution margin Contribution margin per unit Fixed expenses Operating income Product Sinks Mirrors Vanities Total 48% 20% 32% 100% $ 252,000 100.00% $105,000 100.00% $168,000 100.00% $525,000 100.00% 75,600 30.00% 84,000 80.00% 92,400 55.00% 252,000 48.00% $176,400 70.00% $ 21,000 20.00% $ 75,600 45.00% 273,000 52.00% $ 163.33 $ 38.89 $ 140.00 234,780 $ 38, 220 Break-even point in sales dollars Fixed expenses Overall CM ratio $234,780 0.52 = $451,500.00 Break-even point in unit sales: Total Fixed expenses Weighted average CM per unit $234,780 $126.39% = 1,857.60 units *($163.33 x 0.50) + ($38.89 x 0.25) + ($140.00 x 0.25) As shown by these data, operating income is budgeted at $38,220 for the month, break-even sales dollars at $451,500.00, and break- even unit sales at 1,85760. Assume that actual sales for the month total $524,000 (2,260 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $234,780. Actual sales by product are as follows: sinks, $134,000 (565 units); mirrors, $ 214,000 (1,130 units); and vanities, $176,000 (565 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 Percentage of total sales % % % % % % % % % % % % % % % Operating income (loss) 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