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Check my work Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement- for a recent month for the two
Check my work 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 Claimjumper $116,000 35,800 Total Variable expenses Contribution margin $ 80,200 Makeover $ 58,000 7,700 $ 50,300 $ 174,000 Fixed expenses Net operating income 43,500 130,500 85,275 $ 45,225 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sa for the two products. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Engberg Company Contribution Income Statement Sales Contribution margin Fixed expenses Net operating income (loss) Claimjumper Makeover Total 76,179 $ 37.400 113,579 23,083 4.967 28,050 $ 53,096 $ 32 433 85,529 84,150 0
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