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The Willis Corporation sells three products, Do, No, and Lo. The company has budgeted the...

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Accounting

The Willis Corporation sells three products, Do, No, and Lo. The company has budgeted the attached amounts for these products and in total for the upcoming month.
The company had the following actual sales for the month of June: Do, $130,000; No, $70,000; and Lo, $60,000. Budgeted units for the month of June were: Do,10,000; No,11,000; and Lo,3,000.
REQUIRED: (1) Using the attached form, prepare a contribution income statement for the month of June based on actual sales. Prepare the statement by product and in total for the company.
(2) Using the attached form, compute the company's weighted average contribution margin based upon the budgeted information. Round your answer to four decimal places.
(3) Using the attached form, compute the company's break even point, in total units and in units of each product, based upon the budgeted information. Round all answers up to the next whole unit.
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