Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent
Question:
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below:
----------------- Claimjumper Makeover Total
Sales ------------ $108,000 $54,000 $162,000
Variable expenses-------- 33,400 7,100 40,500
Contribution margin------- $74,600 $46,900 121,500
Fixed expenses---------- ---------- ----------- 83,925
Net operating income ---------- ---------- $37,575
1-Compute the overall contribution margin (CM) ratio for the company. Overall CM Ratio ______%
2-Compute the overall break-even point for the company in dollar sales.(Do not round intermediate calculations. Round your final answer to the nearest dollar amount.) Overall break-even point _______________
3-Complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products.(Do not round intermediate calculations.Round your final answers to the nearest dollar amount.)
Lucido ProductsContribution
Income Statement
Claimjumper Makeover Total