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10 Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below:
10
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Sales Variable expenses Claimjumper $ 94,000 29,200 Makeover $ 47,000 6,050 Total $ 141,000 35,250 Contribution margin Fixed expenses $ 64,800 $ 40,950 105,750 84,150 Net operating income $ 21,600 Required: 1. Compute the overall contribution margin (CM) ratio for the company Overall CM ratio 2. Compute the overall break-even point for the company in dollar sales. (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.) 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. (Do not round intermediate calculations, Round your final answers to the nearest dollar amount.) Lucido Products Contribution Income Statement Claimjumper Makeover Total SOS Step by Step Solution
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