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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 $ 94,000 $ 47,000 $ 141,000
Variable expenses 29,200 6,050 35,250
Contribution margin $ 64,800 $ 40,950 105,750
Fixed expenses 87,750
Net operating income $ 18,000

Required:

  1. What is the company's overall contribution margin (CM) ratio?-------75%
  2. What is the company's overall break-even point in dollar sales?----$117,000
  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.

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Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products. Note: Do not round intermediate calculations. Round your answers to the nearest dollar amount

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