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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 Claimjumper
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 $116,000 $58,000 $ 174,000 43,500 35,800 7,700 Contribution margin Fixed expenses 130,500 87,075 $ 80,200 S50,300 Net operating income $ 43,425 Required 1. Compute the overall contribution margin (CM) ratio for the company. Overall CM ratio 75 % 2. Compute the overall break-even point for the company in dollar sales. (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.) Overall break-even point $ 232,000 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 final answers to the nearest dollar amount.) Lucido Products Contribution Income Statement Claimjumper Makeove 87,000 $ Total 43,500 130,500 Sales ariable expenses Contribution margin 87,000 $ 43,500 130,500 xed expenses et operating income $ 130,500
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