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 1,000 Percentage 50% Sinks Mirrors 500 25% Vanities 500 25% Total 2,000 100% Product Mirrors Sinks Vanities 32% Total 100% 48% 2000 Percentage of total sales Sales Variable expenses $324,000 100.00% $135,000 100.00% $216,000 100.000 $675,000 100.00% 74,000 22.84% 74,000 54.81% 90,000 41.67% 224,250 33.22% 450,750 66.78% Contribution margin $250,000 $ 250.00 77.16% $ 61,000 $122.00 45.19% $126,000 58.33% $ 252.00 Contribution margin per unit Fixed expenses 410,850 $ 39,900 Operating income $410,850 Fixed expenses Fixed expenses Overall CM ratio $615,249.58 Break-even point in unit sales: Total Fixed expenses. $410,850 $218.50 1,880, 32 units Weighted average CM per unit *($250.00 0.50)+($122.00 0.25) (5252.00 0.25) As shown by these data, operating income is budgeted at $39,900 for the month, break-even sales dollars at $615.249.58, and break- even unit sales at 1,880.32 Assume that actual sales for the month total $680,400 (2,100 units), with the CM ratio and per unit amounts the same as budgeted Actual fixed expenses are the same as budgeted, $410,850. Actual sales by product are as follows: sinks, $170.100 (525 units): mirrors $283,500 (1,050 units); and vanities, $226,800 (525 units). Break-even point in sales dollars $410,850 0.67 Required: 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your answers to 2 decimal places.) SMITHEN COMPANY Contribution Margin Income Statement Product Sinks Mirrors Vantes Percentage of total sales $ 20.00% 32.00% Total % % Sales Variable expenses 0.00 0.00% 5 0.00 Contribution margin Foxed expenses Operating income (los) 0.00 ? 100.00 % % 100.00 % $ 0.00% $ 100 00 100 00 30.45 % 0.00 66 55 % 0:00 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