Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three productssinks, mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows:

Assume that actual sales for the month total $825,101 (1,400 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $361,350. Actual sales by product are as follows: sinks, $263,865 (490 units); mirrors, $268,053 (560 units); and vanities, $293,183 (350 units).

Required:

1. Prepare a contribution format income statement for the month based on actual sales data. (Round your percentage answers to the nearest whole number.)

2. Compute the break-even point in sales dollars for the month, based on the actual data. (Round your intermediate calculations to the nearest whole percent. Round your final answer to the nearest whole dollar.)

3. Calculate the break-even point in unit sales for the month, based on the actual data. (Round your final answer to the nearest whole number.)

Sinks Mirrors Vanities Units 600 300 300 Percentage 50% 25% 25% Total 1,200 100% Product Percentage of total sales Sales Variable expenses Sinks 45% $323,100.00 80,775.00 100% 25% Mirrors 20% $ 143,600 114,880 Vanities 35% $251,300.00 125,650.00 Total 100% $718,000.00 321,305.00 100% 80% 100% 50% 100% 45% Contribution margin $242,325.00 75% $ 28,720 20% $125,650.00 50% 396,695.00 55% Contribution margin per unit $ 403.88 $ 95.73 $ 418.83 Fixed expenses 361,350.00 Operating income $ 35,345.00 Fixed expenses $361, 350 Break-even point in sales dollars - = $657,000 Overall CM ratio 0.55 Break-even point in unit sales: Total Fixed expenses $361,350 = 1,093.08 units Weighted average CM per unit $330.58% *($403.88 x 0.50) + ($95.73 x 0.25) + ($418.83 x 0.25)