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thank you! Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products--sinks, mirrors, and vanities. Budgeted sales

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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: Sinks Mirrors Vanities Total Units 1,000 500 500 2,000 Percentage 508 250 258 100% Product Sinks Mirrors Vanities Total Percentage of total sales 489 208 326 100% Sales $252,000 100.00 $105,000 100.000 $168,000 100.008 $525,000 100.00 Variable expenses 78,000 30.958 74,000 70.488 88,000 52.388 229,650 43.74% Contribution margin $174,000 69.05 $ 31,000 29.524 $ 80,000 47.62% 295, 350 56.269 Contribution margin per unit $ 174.00 $ 62.00 $ 160.00 Fixed expenses 258,450 Operating income $ 36,900 $258,450 Break-even point in sales dollars Fixed expenses Overall CM ratio $459, 409.33 0.56 Break-even point in unit sales: Total Fixed expenses $250, 450 Weighted average CM per unit $142.50- - 1,813.68 units *($174.00 * 0.50) + ($62.00 * 0.25) + ($160.00 0.25) As shown by these data, operating income is budgeted at $36.900 for the month, break even sales dollars at $459,408.33, and break even unit sales at 1.813.68. Assume that actual sales for the month total $529,200 (2,100 units), with the CM rotlo and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $258,450. Actual sales by product are as follows: sinks, $132,300 (525 units): mirrors, $220,500 (1.050 units) and vanities. $176,400 (525 units) Required: 1. Prepare a contribution format Income statement for the month based on actual sales dato. (Round your answers to 2 decimal places.) SMITHEN COMPANY Contribution Margin Income Statement Product Mirrors Vanities Total Percentage of total sales % % % % 0.00 % ** 0.00 0.00 0.00 0.00 5 $ 0.00 0.00% 0.00 5 0.00 Operating income foss) 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.) Broak even point in unit sales

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