Question
I have had to repost this question twice because the first two were answered incorrectly...the responder did not read the directions correctly. Please do me
I have had to repost this question twice because the first two were answered incorrectly...the responder did not read the directions correctly. Please do me a favor, if you dont feel confident about the answer, dont respond to it. I just want someone who knows what they are doing to help me. thank you.
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 | Makeover | Total | |||||||
Sales | $ | 104,000 | $ | 52,000 | $ | 156,000 | |||
Variable expenses | 25,960 | 5,240 | 31,200 | ||||||
Contribution margin | $ | 78,040 | $ | 46,760 | 124,800 | ||||
Fixed expenses | 91,680 | ||||||||
Net operating income | $ | 33,120 | |||||||
Required:
Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.
claimjumper | makeover | total | |
sales | ? | ? | ? |
variable expenses | ? | ? | ? |
contribution margin | ? | ? | ? |
fixed expenses | ? | ? | ? |
net operating income (loss) | ? | ? | ? |
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