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 1,060 530 530 2,120 Percentage 50% 25% 25% 100% Product Sinks Mirrors Vanities Total Percentage of total sales 48% 20% 32% 100% Sales $249,000 100.00% $103,750 100.00% $166,000 100.00% $518,750 100.00% Variable expenses 74,700 30.00% 83,000 80.00% 91,300 55.00% 249,000 48.00% Contribution margin $174,300 70.00% $ 20,750 20.00% $ 74,700 45.00% 269,750 52.00% Contribution margin per unit $ 164.43 $ 39.15 $ 140.94 Fixed expenses 231,985 Operating income $ 37,765 Break-even point in sales dollars Fixed expenses Overall CM ratio $231,985 0.52 = $446,125.00 Break-even point in unit sales: Total Fixed expenses $231,985 = 1,823.20 units Weighted-average CM per unit $127.24* *($164.43 x 0.50) + ($39.15 x 0.25) + ($140.94 x 0.25) As shown by these data, operating income is budgeted at $37,765 for the month, break-even sales dollars at $446,125.00, and break-even unit sales at 1,823.20. Assume that actual sales for the month total $519,000 (2,220 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $231,985. Actual sales by product are as follows: sinks, $132,000 (555 units); mirrors, $213,000 (1,110 units); and vanities, $174,000 (555 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 Percentage of total sales % % % % % % % % % % % % nerating income llocs 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 4. This part of the question is not part of your Connect assignment