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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: 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 $100,000 31,000 S69.000 Makeover $50,000 6,500 $43.500 Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $150,000 37,500 112,500 87,300 $ 25, 200 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.) Lucido Products Total Contribution Income Statement Claimjumper Makeover Sales Variable expenses Contribution margin 1 4 3 Fixed expenses Net operating income (loss)
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