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Could u help me fix this? Required 1 Required 2 Required 3 What is the company's overall break-even point in dollar sales? (Do not round
Could u help me fix this?
Required 1 Required 2 Required 3 What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.) Overall break-even point $ 110,700 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 Contribution margin Fixed expenses Net operating income Claimjumper $106,000 26,440 $ 79,560 Makeover $ 53,000 5,360 $ 47,640 Total $ 159,000 31,800 127,200 90,480 $ 36,720 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 sales for the two products. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Lucido Products Total Contribution Income Statement Claimjumper Makeover Sales $ 73,800 X $ 36,900 X $ Variable expenses 18,408 X 3,732 X Contribution margin $ 55,392 $ 33,168 Fixed expenses Net operating income (loss) $ 110,700 22,140 OOOO 88,560 88,560 X 88,560 XStep by Step Solution
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