Question
es Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears
es 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 $ 76,500 51,000 Contribution margin $ 25,500 Makeover $ 178,500 127,500 $ 51,000 Total $ 255,000 178,500 76,500 Fixed expenses 61,200 Net operating income $ 15,300 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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