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 Contribution margin Fixed expenses Net operating income claimjumper $116,000 35,800 $ 80, 200 Makeover $ 58,000 7,700 $ 50,300 Total $ 174,000 43,500 130,500 88.650 $41.950 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio 75% Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: claim jumper clair,000 $ 58,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income Makeover $ 58,000 7,700 $ 50,300 / 35,800 80,200 Total $ 174,000 43,500 130,500 88.650 $ 41.850 / 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. Complete this question by entering your answers in the tabs below. 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 ..........! 35,800 13,500 Variable expenses Contribution margin Fixed expenses Net operating income $ 80,200 7,700 $ 50, 300 130,500 88,650 41,850 $ 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. 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.) Total Engberg Company Contribution Income Statement Claimjumper Makeover Sales Variable expenses Contribution margin $ 0 $ Fixed expenses Net operating income (loss)
