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Exercise 3-10 Compute the Break-Even Point for a Multiproduct Company (LO3-9] Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement
Exercise 3-10 Compute the Break-Even Point for a Multiproduct Company (LO3-9] 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 $ 118,000 29,320 $ 88,680 Makeover 59.000 6,080 52.920 Total 177.000 35.400 141,600 90,960 $ $ 50,640 Required: 1. Compute the overall contribution margin (CM) ratio for the company. Overall CM ratio 2. Compute the overall break-even point for the company in dollar sales. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Overall break-even point 3. Complete the contribution format income statement at break-even point for the company showing 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 S 0S 0
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