Question: 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your percentage answers to the nearest whole number.) 2.Compute

 1. Prepare a contribution format income statement for the month based
1. Prepare a contribution format income statement for the month based on actual sales data. (Round your percentage answers to the nearest whole number.)
2.Compute the break-even point in sales dollars for the month, based on the actual data. (Round your intermediate calculations to nearest whole percent. Round final answer to the nearest whole dollar.)
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.)

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 Mirrors 600 300 300 50% 25% 25% Total 1,200 100% Percentage of total 4696 30% 24% 100% $239.992 00 100% 20% $157.200 125.760 100% $126,808 00 80% 63.404 00 100% S524-000.00 50% 237-162 40 10096 45% 47.998 40 Contribution margin $191,993.60 Contribution margin per s 319.99 Variable expenses 80% $31.440 20% $63,404 00 50% 286.83760 55% S 104.80 $ 211.35 unit Fixed expenses 248,050.00 Operating income 38,787.60 Fixed expenses $248,050 Break-even point in sales dollars = -.--= S45 1,000 Overall CM ratio 0.55 Break-even point in unit sales Total Fixed expenses $248,050 1,037.73 units Weighted-average CM per unit $239.03* ($319.99 x 0.50)+($104.80 0.25) ($21135 0.25) Assume that actual sales for the month total $637,376 (1,400 units), with the CM ratio and per unt amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $248,050. Actual sales by product are as follows: sinks, $195,993 (490 units), mirrors, $293,440 (560 units), and vanities, $147,943 (350 units) 1. Prepare a contribution format income statement for the month based on actual sales data (Round your percentage answers to the nearest whole number.)

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