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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: Sales
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 $ 106,000 39,160 $ 66,840 Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's ov all 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 1 Required 2 Required 3 Makeover $ 53,000 8,540 $ 44,460 Complete this question by entering your answers in the tabs below. Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) 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 Contribution Income Statement Total $ 159,000 47,700 111,300 81,690 $ 29,610 01:34 Claimjumper Makeover $ 69 Total 116,700 81,690 0
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