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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 $ 102,000 31,600 Contribution margin $ 70,400 $ 44,350 Makeover $ 51,000 6,650 Total $ 153,000 38,250 114,750 84,825 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? $ 29,925 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 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 $ 75,333 $ 37,667 $ 113,000 25,500 12,750 38,250 76,500 $ 38,250 114,750 84,825 $ 29,925 < Required 2 Required 3 >
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