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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

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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 Variable expenses Claimjumper Makeover $ 112,000 $ 56,000 34,600 7,400 Total $168,000 42,000 Contribution margin $ 77,400 $ 48,600 126,000 Fixed expenses 87,525 Net operating income $ 38,475 Required: 1. Compute the overall contribution margin (CM) ratio for the company. Answer is complete and correct. Overall CM ratio 75 % 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.) Answer is complete but not entirely correct. Overall break-even point $ 114,600 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.) Answer is complete but not entirely correct. Lucido Products Contribution Income Statement Total Claimjumper Makeover 76,400 X $ 38,200 $ 114,600 Sales 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.) Answer is complete but not entirely correct. Total Lucido Products Contribution Income Statement Claimjumper Makeover Sales 76,400 X $ 38,200 Variable expenses 23,602 X 5,048 Contribution margin $ 52,798 $ 33,152 Fixed expenses Net operating income 114,600 28,650 85,950 85,950 0

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