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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 Contribution margin Fixed expenses Net operating income Claimjumper $ 104,000 32,200 Makeover $ 52,000 6,800 $ 71,800 $ 45,200 Total $ 156,000 39,000 117,000 86,850 $ 30,150 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. Answer is complete but not entirely correct. 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 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 Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Claimjumper Makeover Total $ 77,200 $ 38,600 23,840 $ 115,800 5,035 x 39,000 $ 53,298 $ 32,248 117,000 82,800 $ 34,200
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