Savod Help Save & Exit Su Problem 4-20 Sales Mix; Multi-Product Break-Even Analysis (LO9) 3 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: 10 points Sipped Sinks Mirrors Vanities Total Units 1,000 500 500 2,000 Percentage 50% 25% 25% 100% BOOK PA Product Sinks Mirrors Vanities 48% 20% 32% $252,000 100.00% $105,000 100.00% $168,000 $ 100.00% 78,000 30.95% 74,000 70.48% 88,000 52.38% $174,000 69.05% $ 31,000 29.528 $ 80,008 47.62% $ 174.00 $ 62.00 $160.00 Total 100% $525,000 100.00% 229,650 43.74% 295, 350 56.26% Percentage of total sales Sales Variable expenses Contribution margin Contribution margin per unit Fixed expenses Operating income 258, 450 $ 36,900 25R 45 Five Yences income Help Save & Exit Sub 258,450 $. 36,900 Break-even point in sales dollars 10 points Fixed expenses Overall CM ratio Break-even point in unit sales $258,450 0.56 - $459, 403:33 Skipped Total Fixed expenses Weighted average CM per unit $258,450 $142.50" 1,813.68 units eBook *($174.00 x 0.50) + ($62.80 x 0.25) + ($160.00 x 0.25) As As shown by these data, operating income is budgeted at $36.900 for the month break-even sales dollars at $459 408.33 and break- even unit sales at 1.813.68 Print Assume that actual sales for the month total $529,200 (2.100 units), with the CM ratio and per unit amounts the same as budgeted Actual fixed expenses are the same as budgeted. $258,450. Actual sales by product are as follows: sinks. $132.300 (525 units); mirrors. $220,500 (1.050 units), and vanities, $176,400 (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.) SMITHEN COMPANY Contribution Marain Income Statement Mc > Question 3 - Chapter 4 Assignme X + mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-gr. 2 Assignment Saved Help requireu. 1. Prepare a contribution format income statement for the month based on actual sales data (Round your answers to 2 decimal places.) Save & Exit Submit Sinks 1.000.00% 252.000.00 $ SMITHEN COMPANY Contribution Margin Income Statement Product Mirrors S 500.00 48 00 % s 105,000.00 20.00 % s % 48 00 % $ 105,000.00 20.00% Vanities 500.00 168,000.00 Total 2000.00 552 000 00 S Percentage of total sales Sales Variable expenses Contribution margin Fixed manufacturing overhead Operating income (loss) 32 001 S 252,000.00 168,000.00 32.00% 55200000 S 552,000.00 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.)