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I need help finding the new variable expenses in the contribution income statement. Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format
I need help finding the new variable expenses in the contribution income statement.
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 Variable expenses Contribution margin Fixed expenses Net operating income $112,00e 41, 320 $ 70,680 $56,000 $168,000 50,400 $46,920 117,600 81,900 $ 35,700 9,080 50210 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 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 Total Claimjumper Makeover $ 78,00039,000 17,000 Sales Variable expenses Contribution margin 78,000 $ 39,000 117,000 ixed expenses Net operating income (loss) 81,900 Required 2 Required 3Step by Step Solution
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