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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 $ 102,000 31,600 Makeover $ 51,000 6,650 Total $ 153,000 38,250 Contribution margin $ 70,400 $ 44,350 Variable expenses 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? 114,750 85,275 $ 29,475 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.) Sales Variable expenses Lucido Products Contribution Income Statement Contribution margin Fixed expenses Net operating income (loss) Claimjumper Makeover Total $ 78,600 $ 39,300 $117,900 19,650 9,825 29,475 58,950 $ 29,475 88,425 88,425 $ 0 < Required 2 Required 3 >
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