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For question 1, I got 75% for the overall CM ratio. Question 2, I got $114,000 for the overall break-even point in dollar sales. I
For question 1, I got 75% for the overall CM ratio.
Question 2, I got $114,000 for the overall break-even point in dollar sales.
I just need help with question 3
Exercise 5-10 Multiproduct Break-Eveh Analysis (LU5-9] Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: claimjumper $102,000 31,600 $ 70, 400 Sales Variable expenses Contribution margin Fixed expenses Net operating income Makeover $ 51,000 6,650 $ 44,350 Total $ 153,000 38,250 114,750 85,500 $ 29, 250 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 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. Round your answers to the nearest dollar amount.) Engberg Company Contribution Income Statement Claimjumper Makeover Total $ Sales Variable expenses 0 0 0 Contribution margin 0 0 $ $ 0 Fixed expenses Net operating income (loss)Step by Step Solution
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