X Question 3 - Chapter 4 Assignme X C Menlo Company Distributes A Sir x + > C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/questi... * Chapter 4 Assignment i Saved Help Save & Exit Submit Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks, 3 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% 10 Vanities 500 25% points Total 2,060 100% Skipped Product Sinks Mirrors Vanities Total eBook Percentage of total sales 48% 20% 32% 100% Sales $408 , 000 100. 00% $170, 000 100. 00% $272, 000 100. 00% $850, 000 100. 00% Ask Variable expenses 80,006 19. 61% 66, 000 38.82% 90, 000 33. 09% 204, 300 24.04% Contribution margin $328,00 80. 39% $104, 00 61. 18% $182, 000 56.91% 645, 700 75.96% Print Contribution margin per unit 328.90 $ 208.06 $ 364.00 Fixed expenses 602, 300 Operating income $ 43, 400 $602, 300 Break-even point in sales dollars = Fixed expenses = $792, 868.21 Overall CM ratio 0.76 Break-even point in unit sales: Mc Graw Hill 10:55 AM Type here to search O 21 9 6C A ENG 10/23/21Question 3 - Chapter 4 Assignme X C Menlo Company Distributes A Sir x + X > C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/questi... > Chapter 4 Assignment i Saved Help Save & Exit Submit Product Sinks Mirrors Vanities Total 3 Percentage of total sales 48% 20% 32% 1009 Sales $408 , 000 100.00% $170, 060 100. 00% $272, 006 100. 00% $850, 000 100. 00% Variable expenses 80, 060 19. 61% 66, 060 38. 82% 90, 000 33. 09% 204, 300 24.04% Contribution margin $328 , 090 80. 39% $104, 060 61. 18% $182, 000 66.91% 645, 700 75.96% Contribution margin per unit $ 328.00 $ 208.00 $ 364.00 10 Fixed expenses 602, 300 points Operating income $ 43, 400 Skipped Break-even point in sales dollars Fixed expenses $602, 300 eBook Overall CM ratio $792, 868 .21 0.76 Ask Break-even point in unit sales: Print Total Fixed expenses $602, 300 Weighted-average CM per unit $307.00* = 1,961.89 units * ($328.00 x 0.50) + ($208.00 x 0.25) + ($364.00 x 0.25) As shown by these data, operating income is budgeted at $43,400 for the month, break-even sales dollars at $792,868.21, and break- even unit sales at 1,961.89. Assume that actual sales for the month total $856,800 (2,100 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $602,300. Actual sales by product are as follows: sinks, $214,200 (525 units); mirrors, $357,000 (1,050 units); and vanities, $285,600 (525 units). Mc Graw Hill 10:56 AM Type here to search O 21 9 6.C ~ ENG 10/23/21Question 3 - Chapter 4 Assignme X C Menlo Company Distributes A Sir x + X > C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/questi... > Chapter 4 Assignment i Saved Help Save & Exit Submit Required: 3 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your answers to 2 decimal places.) SMITHEN COMPANY 10 Contribution Margin Income Statement points Product Sinks Mirrors Vanities Total Skipped Percentage of total sales % % % % eBook % $ 0.00 0.00 % $ 0.00 0.00 % $ 0.00 0.00 % 0.00 Ask Print Operating income (loss) $ 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.) Mc Graw Hill Type here to search O 21 9 10:56 AM 6.C ~ ENG 10/23/21Question 3 - Chapter 4 Assignme X C Menlo Company Distributes A Sir x + X > C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/questi... > Chapter 4 Assignment i Saved Help Save & Exit Submit 3 2. Compute the break-even point in sales dollars for the month, based on the actual data. (Round your percentage answers to 10 nearest whole percent. Round other intermediate values and final answer to the nearest whole dollar.) points Skipped Break-even point in sales dollars eBook Ask Print 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 Mc Graw Hill Type here to search O 9 10:56 AM 21 O 6C A ENG 10/23/21