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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 Makeover Total Sales $ 106,000 $ 53,000 $ 159,000 Variable expenses 39,160 8,540 47,700 Contribution margin $ 66,840 $ 44,460 111,300 Fixed expenses 79,380 Net operating income $ 31,920 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 70% 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 Total Lucido Products Contribution Income Statement Claimjumper Makeover Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss)
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