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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution margin income statement for a recent month for the two games appears as follows:
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution margin income statement for a recent month for the two games appears as follows:
Claimjumper Makeover Total Sales $ 65,000 $85,000 $150,000 Less: Variable expenses 45,000 60,000 105,000 Contribution margin $ 20,000 $25,000 45,000 Less: Fixed expenses 36,000 Net income 5 9,000 Required: 1. Compute the overall CM ratio for the company. -% 2. Compute the overall break-even point for the company in sales dollars. 3. Calculate the overall break-even point for the company by constructing an income statement showing the appropriate levels of sales for the two productsStep by Step Solution
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