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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 Claimjumper Makeover $ 30,000 20,000 Total $ 100,000 Variable expenses Contribution margin $ 10,000 $ 70,000 50,000 $ 20,000 70,000 30,000 Fixed expenses. 24,000 Net operating income $ 6,000 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. 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 not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio 75% Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's overall break-even point in dollar sales? Overall break-even point < Required 1 Required 3 > Answer is not complete. Complete this question by entering your answers in the tabs below. Required 11 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. Lucido Products Contribution Income Statement Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Claimjumper Makeover Total $ 118,000 $ 59,000
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