Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 6-10 Multiproduct Break-Even Analysis (L06-9) Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for

image text in transcribed
image text in transcribed
image text in transcribed
Exercise 6-10 Multiproduct Break-Even Analysis (L06-9) 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 $116,000 28,840 $ 87,160 . Makeover $ 58,000 5 ,960 $ 52,040 Total $ 174,000 34,800 139,200 90,720 $ 48,480 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) Overall CM ratio Required 2 > Exercise 6-10 Multiproduct Break-Even Analysis (L06-9) Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a rece month for the two games appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $116,000 28,840 $ 87,160 Makeover $ 58,000 5,960 $ 52,040 Total $ 174,000 3 4,800 139,200 90,720 $ 48,480 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 the two products. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's overall break-even point in dollar sales? (Do not round Intermediate calculations.) Overall break-even point ( Required 1 Required 3 > Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: claim Jumper $116.000 28,840 Makeover $ 58,000 5,960 52,040 Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $174.000 34,800 139,200 90, 720 48.480 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 the two products. (-even point that shows the appropriate levels of sales for Complete this question by entering your answers 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, Rou nd your answers to the nearest dollar amount.) Lucido Products Contribution Income Sta 2 Net operating income foss)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A One-Year Accounting Course Part 2

Authors: Trevor Gambling

1st Edition

0080130267, 9780080130262

More Books

Students also viewed these Accounting questions

Question

d. Is the program accredited?

Answered: 1 week ago

Question

Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

Define policy making?

Answered: 1 week ago

Question

Define co-ordination?

Answered: 1 week ago

Question

What are the role of supervisors ?

Answered: 1 week ago

Question

Define evaluation and explain its role in HRD

Answered: 1 week ago

Question

Develop expertise as a facilitator of a training topic or module

Answered: 1 week ago