ed k Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement...
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ed k 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 Required: Claimjumper $ 102,000 31,600 Makeover $ 51,000 6,650 Total $ 153,000 38,250 $ 70,400 $ 44,350 114,750 83,025 $ 31,725 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 Contribution Income Statement ClaimJumper Makeover Total $ 73,800 $ 36,900 $ 110,700 Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) < Required 2 Required ed k 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 Required: Claimjumper $ 102,000 31,600 Makeover $ 51,000 6,650 Total $ 153,000 38,250 $ 70,400 $ 44,350 114,750 83,025 $ 31,725 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 Contribution Income Statement ClaimJumper Makeover Total $ 73,800 $ 36,900 $ 110,700 Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) < Required 2 Required
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Required 1 Overall Contribution Margin CM Ratio The overall contribution margin CM ratio for the com... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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