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I vote a thumbs up! This is 1 question containing 3 requirements. Thank you! Lucido Products markets two computer games: Claimjumper and Makeover. A contribution
I vote a thumbs up! This is 1 question containing 3 requirements. 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: 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 91,440 $ 40,560 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 overall contribution margin (CM) ratio for the company? Overall CM ratio % Required 1 Required 2 Required 3 What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.) Overall break-even point 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 Sales $ 0 Variable expenses 0 Contribution margin $ 0 $ 0 0 Fixed expenses 90,480 Net operating income (loss) $ 0Step by Step Solution
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