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Exercise 2-10 (Algo) Multiproduct Break-Even Analysis (LO2-9) Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month
Exercise 2-10 (Algo) Multiproduct Break-Even Analysis (LO2-9) 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 32,800 $ 73,200 Makeover $ 53,000 6,950 $ 46,050 Total $ 159,000 39,750 119, 250 86,625 $ 32,625 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 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio %
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