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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: Uncage Si 1.000 50 NO 500 250 Vanta 100 20 13213.000.000314.00 -0.25) 200,00 1.251 As shown by these data, operating income is budgeted at $38,400 for the month break-even sales dollars at $541.685.65, and break-even unit salos at 1,928.11 Assume that actual sales for the month total $604,800 (2 100 unts), with the CM ratio and per unit amounts the same as budgeted. Actual Fixed expenses are the same as budgeted. S356.700. Actual sales by product are as follows sinks, S151 200 (525 units). mirrors, $252,000 (1.050 units and vanities $201.600 (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.) det Tercenta of total sales 23 300 00 03 00 00 200, 100, 1200 100 100 100% Wadable 6.08 2.085.00 4.33 34 Contri expens 00 00 Son STO Contro son ar Fixed xos perating incone 356, 30 Byen point in FX Expenses 356.700 - Overall 0.00 ratio Break-even point in unit sales Focal Pred pedes weighted average con -1.2.11 unit 375,00 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: Uncage Si 1.000 50 NO 500 250 Vanta 100 20 13213.000.000314.00 -0.25) 200,00 1.251 As shown by these data, operating income is budgeted at $38,400 for the month break-even sales dollars at $541.685.65, and break-even unit salos at 1,928.11 Assume that actual sales for the month total $604,800 (2 100 unts), with the CM ratio and per unit amounts the same as budgeted. Actual Fixed expenses are the same as budgeted. S356.700. Actual sales by product are as follows sinks, S151 200 (525 units). mirrors, $252,000 (1.050 units and vanities $201.600 (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.) det Tercenta of total sales 23 300 00 03 00 00 200, 100, 1200 100 100 100% Wadable 6.08 2.085.00 4.33 34 Contri expens 00 00 Son STO Contro son ar Fixed xos perating incone 356, 30 Byen point in FX Expenses 356.700 - Overall 0.00 ratio Break-even point in unit sales Focal Pred pedes weighted average con -1.2.11 unit 375,00

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