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I need to see where the calculations for this problem come from plz. 5. Award: 4.00 points Lucido Products markets two computer games: Claimjumper and
I need to see where the calculations for this problem come from plz.
5. Award: 4.00 points 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 $ 110,000 27,400 $ 82,600 Makeover $ 55,000 5,600 $ 49,400 Total $ 165,000 33,000 132,000 90,240 41.760 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 $ 0 Sales 0 Variable expenses $ 0 Contribution margin 0 $ 0 90,240 Fixed expenses Net operating income (loss)Step by Step Solution
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