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: Sinks Mirrors Vanities Total Units 1,000 500 500 2,000 Percentage so 255 25% 18 100% s Percentage of total sales Sales Variable expenses Contribution margin Product Sinks Mirrors Vanities Total 48% 20% 32% 100% $300,000 100.00% $125,000 100.00% $200,000 100.00% $625,000 100.00% 68,000 22.67% 62,000 49.60% 88,000 44.00% 220,800 35.33% $232,000 77.33% $ 63,000 50.40% $112,000 56.00% 404,200 64.67% $ 232.00 $126.00 $ 224.00 365,300 $ 38,900 Contribution margin per unit Fixed expenses Operating income Fixed expenses Overall CM ratio $365, 300 0.65 = $564,850.32 Break-even point in sales dollars Break-even point in unit sales: Total Fixed expenses Weighted average CM per unit $365,300 $203.503 = 1,795.09 units Break-even point in unit sales: Total Fixed expenses Weighted average CN per unit $365,300 $203.50* = 1,795.09 units *($232.ee x 0.50) + ($126.00 x 0.25) + ($224.00 x 0.25) As shown by these data, operating income is budgeted at $38.900 for the month, break-even sales dollars at $564,850.32, and break- even unit sales at 1795.09. Assume that actual sales for the month total $630,000 (2100 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $365,300. Actual sales by product are as follows: sinks, $157,500 (525 units); mirrors. $262.500 (1.050 units), and vanities. $210,000 (525 units). Required: 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your answers to 2 decimal places.) SMI THEN COMPANY Contribution Margin Income Statement Product Mirrors Sinks Percentage of total sales Sales Vanities Total % S 157 500.00 100.00% % S 262,500.00 100.00% 100.00% S 210,000.00 100.00 % 629,500.00 Variable expenses Contribution margin Fored expenses Operating income (loss) 2 decimal places required. $ % % % 262.500.00 100.00 % $ 210,000.00 % 100.00 % 629,500.00 0.00% S 629,500.00 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.) Break-even point in unit sales 4. This part of the question is not part of your Connect assignment. Prey 1 of 1 Next a