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Exercise 5-10 (Algo) Multiproduct Break-Even Analysis [L05-9) Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month

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Exercise 5-10 (Algo) Multiproduct Break-Even Analysis [L05-9) Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below. Clain jumper Makeover Total Sales $ 98,000 $ 49,800 $147,690 Variable expenses 24,520 4,880 29,480 Contribution margin $ 73,480 $ 44,120 117,600 Fixed expenses 92,880 Net operating income $ 24,720 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 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio % Required 2

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