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The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month January February March April May June July August September October November December Occupancy-Day 3,250 3,470 3,660 1,760 1,350 4,350 3,280 1,610 700 1.300 1,640 2,220 Electrical Costs $ 9,660 $10,185 $10,360 $16, 160 $ 4,725 $11,575 $ 9.765 $15.635 $ 2,450 $ 4,550 $ 5,740 $ 7.770 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) Variable cost of electricity Fixed cost of electricity per occupancy-day per month 2. What other factors in addition to occupancy.days are likely to affect the variation in electrical costs from month to month? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 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 Not operating income Claim jumper $102,000 31,600 $ 70,00 Makeover $ 51,000 6,650 $ 44,350 Total $ 153,000 38.250 114.750 86,400 5128350 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 fo the two products. Complete this question by entering your answers in the tabs below Required Required 2 Required 3 What is the overall contribution margin (CM) ratio for the company? Over CM 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 recent month for the two games appears below. Sales Variable expenses Contribution margin Fixed expenses Net operating income claimjumper $102,000 31,600 $ 70,400 Makeover $ 51,000 6.650 544,350 Total $ 153,000 38,250 114,750 86,400 $ 28,350 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 company's overall break-even point in dollar sales? (Do not round intermediate calculations.) Overal break-even point Sales Variable expenses Contribution margin Fixed expenses Net operating income $102,000 31,600 $ 70,400 $ 51,000 6,650 $ 44,350 $ 153,000 38,250 114,750 86,400 $ 28,350 Required: 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 o 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.) Lucido Products Contribution Income Statement Claimjumper Makeover Total $ 0 0 $ 0 $ 0 0 Net operating income (los)
