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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:
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 $ 112,000 34,600 Makeover $ 56,000 7,400 Contribution margin $ 77,400 $ 48,600 Total $ 168,000 42,000 126,000 83,925 $ 42,075 Fixed expenses Net operating income 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 Prepare a contribution format income statement at the company's break-even point that shows the appropriate leve for the two products. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Lucido Products Contribution Income Statement Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Claimjumper Makeover Total Required 1 Required 2 Required 3 What is the company's overall break-even point in dollar sales? (Do Overall break-even point $ 125,261 Required 1 Required 2 Required 3 What is the overall contribution margin (CM) ratio Overall CM ratio 67 %
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