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I need help in part 3 Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for
I need help in part 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: Claimjumper Makeover Total $96,000 $4, 48,000 $144,000 Sales Variable expenses 24,040 4,760 28,800 Contribution margin $71,960 $ 43,240 Fixed expenses 91,440 Net operating 23,760 income Required: 1. Compute the overall contribution margin (CM) ratio for the company. Overall CM ratio 801 %Step by Step Solution
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