1 prepare a contribution format income statement for the month based on actual sales data

2 calculate the break even point in unit sales for the month based on thr actual data

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 SOX Mirrors 25% Vanities 25 Total 100% 500 500 2.00 Percentage of total cales Sales Variable expenses Contribution margin Contributionari per unit Fixodenses Operating Inco Product Sink Mirrors Vanities Total 2014 32 1003 5396,000 100.00% 5165,000 100.00% 5264,000 100 $325,000 100.000 70/000 1.193 64,000 95000 36 2015 200 24.87 $320,000 30313 5101,000 61.211 168.000 3.54 619.500 75.115 $320.00 $ 22:00 $10.00 570.000 $42.100 Breakpoint in se dollars $525.00 0.75 $707.06. Break even point in unit sales: Break even point in sales dollars Fixed expenses Overall CM Patio $576,900 0.75 $767,896.00 Break even point in unit sales Total Fixed expenses Weighted average CM per unit 59.26,900 $294.50 1.950.91 units ($320.000.50) + (5202.00 0.25) + (5336.00 * 0,25) As shown by these data operating income is budgeted at $42900 for the month, break even sales dollars at $767896.90, and break even unit sales at 1.958.91 Assume that actual sales for the month total $831600 12.100 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted. S576,900. Actual sales by product are as follows sinks. $207900 (525 units mirrors, $346,500 (1.050 units), and vanities. $277,200 (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.) 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) Answer is complete and correct. Broken point in sales dollars s 301.045 3. Calculate the break even point in unit sales for the month based on the actual data (Do not round your intermediate calculation Round your final answer to the nearest whole number.)