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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 500 250 250 1000 Product Sinks Mirrors Vanities Total Percentage of total sales 488 200 32 1000 Sales $276,000 100.000 5115,000 100.0015184,000 100.00 $575,000 100.00 Variable expenses 82.800 30.000 92,000 30.000 101,200 55.000 276.000 48.000 Contribution margin $193,200 70.000 $ 23,000 20.0015 82,800 45.000 299,000 52.000 Contribution margin per unit $ 155.01 $ 37.10 $133.55 Fixed expenses 257,140 Operating income 541,860 Break-even point in sales dollara Fixed expenses Overall cH ratio 5257.140 0.52 $494,500.00 Break-even point in unit sales: Total Fixed expenses Weighted average CH per unit 5257,140 5120.56 - 2,132.00 units *(5155.81 0.50) + (537.10 * 0,25) + ($133.55 * 0.25) As shown by these data, 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, $257.140. 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 Mirrors Sinks Vanities Total Percentage of total sales % % % % 0.00 $ $ 0.00 0.00 0.001 $ 0.00 0.001 0.00 0.00% Operating income (1056) $ 0.00 2. Compute the break-even point in sales colors 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) Bakeven point colorare 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) Dok even point in un salos

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