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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: Sinks Mirrors Vanities Units 1,000 500 500 Percentago 500 251 250 Total 2,000 100 Product Mirrors Percentage of total sales Sales Variable expenses Sinks 450 $275,400.00 82,620.00 201 1001 300 $122,400 85,689 1001 700 Vanities 355 $214,200.00 107,100.00 1007 501 Total 1008 $612,000.00 275,400.00 1001 458 Contribution margin $ 192,780.00 708 $36, 720 301 $107,100.00 503 336,600.00 558 Contribution margin per unit $ 192.78 $ 73.44 214.20 Fixed expenses 297,000.00 Operating income $ 39,600.00 Break-even point in sales dollars Fixed expenses $297,000 Overall c ratio $540,000 0.55 Break-even point in unit sales: Fixed expenses $297,000 Break-even point in sales dollars $540,000 Overall CM ratio 0.55 1,764.71 units $168.30 Break-even point in unit sales: Total Fixed expenses $297,000 Weighted-average CM per unkt *($192.78 0.50) + ($73.44 * 0.25) + (S214.20 0.25) Assume that actual sales for the month total $663,102 (2.200 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $297,000. Actual sales by product are as follows: sinks, $212,058 (770 units); mirrors, $215,424 (880 units): and vanities, $235,620 (550 units). Required: 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your percentage answers to the nearest whole number.) Sinks Total Percentage of total SMITHEN COMPANY Contribution Margin Income Statement Product Mirrors Vanities % % % % % % % % % % % % % % Operating income (loss) 2. Compute the break-even point in sales dollars for the month, based on the actual data. (Round your intermediate calculations to the nearest whole percent. Round your final answer to the nearest whole dollar) Breakeven point in salen dollars 3. Calculate the break-even point in unit sales for the month, based on the actual data. (Round your final answer to the nearest whole number.) Break-iven point in unul sales

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