1.

Lucky Products markets two computer games: Predator and Runway. A contribution format income statement for a recent month for the two games appears below:

		Predator		Runway		Total
Sales	$	114,000	$	57,000	$	171,000
Variable expenses		28,360		5,840		34,200
Contribution margin	$	85,640	$	51,160		136,800
Fixed expenses						88,080
Net operating income					$	48,720

Required:
1.	Compute the overall contribution margin (CM) ratio for the company. (Omit the "%" sign in your response.)

Overall CM ratio

%

2.	Compute the overall break-even point for the company in sales dollars. (Do not round intermediate calculation. Omit the "$" sign in your response.)

Overall break-even point

$

3.

Complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (Input all amounts as positive values except losses which should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to the nearest dollar amount. Omit the "$" sign in your response.)

	Predator	Runway	Total
(Click to select) Contribution margin Fixed expenses Variable expenses Sales Net operating income (loss)	$	$	$
(Click to select) Variable expenses Fixed expenses Sales Contribution margin Net operating income (loss)
(Click to select) Net operating income (loss) Sales Fixed expenses Contribution margin Variable expenses	$	$
(Click to select) Net operating income (loss) Contribution margin Sales Fixed expenses Variable expenses
(Click to select) Contribution margin Variable expenses Net operating income (loss) Fixed expenses Sales			$