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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
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 Claimjumper Makeover $ 118,000 $ 59,000 29,320 6,080 Total $177,000 35,400 52,920 $ 141,600 Contribution margin $ 88,680 Fixed expenses 92,160 Net operating income $ 49,440 Required: 1. Compute the overall contribution margin (CM) ratio for the company. Overall CM ratio 80% 2. Compute the overall break-even point for the company in dollar sales. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Overall break-even point $ 115,200 3. Complete the contribution format income statement at break-even point for the company showing 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 $ $ 0 0 Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 0 $ 0 0 $
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