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Break-Even for a Multiproduct Lucky Products markets two board games: Game 1 and Game B. A contribution format income statement for a recent month for

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Break-Even for a Multiproduct Lucky Products markets two board games: Game 1 and Game B. A contribution format income statement for a recent month for the two games appears below: Total Game 1 Game B $ 49,000 $ 147,000 Sales $ 98,000 30,400 Variable expenses 6,350 96,750 $ 67,600 Contribution margin $ 42,650 110,250 Fixed expenses 88,200 $ 22,050 Net operating income Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products

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