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SMITHEN COMPANY ribution Margin Income Statement Product 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your answers to 2 deci 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.) 3. Calculate the break-even point in unit sales for the month, based on the dctual data. (Do not round your intermediate calculation 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: Break-even point in unit sales: =($350.600.50)+($194.000.25)+($330.600.25) As shown by these data, operating income is budgeted at $43,900 for the month, break-even sales dollars at $816,053,48, and breakeven unit sales at 1,908.16. Assume that actual sales for the month total $882,000 (2.100 units), with the CM ratio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $607,750. Actual sales by product ore as follows: sinks, $220,500 ( $2.25 units); mirrors, $367,500 (1.050 units); and vanities, $294,000 ( 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.)

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