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
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 $ 120,000 $ 60,000 $ 180,000 Variable expenses 37,000 8,000 45,000 Contribution margin $ 83,000 $ 52,000 135,000 Fixed expenses 85,275 Net operating income $ 49,725
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 3 Required 1 Required 2 What is the overall contribution margin (CM) ratio for the company? Required 2 ) % Required 1 Required 2 Required 3 What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations. ) Overall break-even point ' Requiredl ' RequiredZ ' RequiredB ' Prepare a contribution format income statement at the company's breakmien point that shows the appropriate levels of sales for the Mo products. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Net operating income (loss)Step by Step Solution
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