t-Class Assignment Saved Help Save & Exit Subm Check my work 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: Units Percentage Sinks 1,000 50% Mirrors 500 25% Vanities 500 25% ok Total 2,000 100% ences Percentage of total sales Sales Variable expenses) Contribution margin Contribution margin per unit Fixed expenses Operating income Sinks 48% Product Mirrors 20% Vanities 32% Total 100% $288,000 100.00% 76,000 26.39% $212,000 73.61% $120,000 62,000 $58,000 100.00% 51.67% 48.33% $212.00 $ 116.00 $192,000 100.00% 92,000 $100,000 $ 200.00 47.92% 52.08% $600,000 204,900 100.00% 34.15% 395,100 65.85% 356,700 $ 38,400 Break-even point in sales dollars Break-even point in unit sales: Total Fixed expenses Weighted-average CM per unit Fixed expenses Overall CM ratio $356,700 0.66 = $541,685.65 $356,700 $185.00* 1,928.11 units Check my work ($212.00 x 0.50) + ($116.00 x 0.25) + ($200.00 0.25) 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 sales at 1,928.11. Assume that actual sales for the month total $604,800 (2.100 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $356,700. Actual sales by product are as follows: sinks, $151,200 (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.) O < Prev 9 of 9 Next > 4:51 2/13 signment Saved Sinks Percentage of total sales % % % % Operating income (loss) SMITHEN COMPANY Contribution Margin Income Statement Help Save & Exit Submit Check my work Product Vanities % % % % Mirrors % % % % 2. Compute the break-even point in sales dollars for the month, based on the actual data (Round your percentage answers to Total Saved Help Se 2. Compute the break-even point in sales dollars for the month, based on the actual data. (Round your percentage answ 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 ca Round your final answer to the nearest whole number.) Break-even point in unit sales