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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 $ 98,000 49,000 Total Sales Variable expenses 147,000 30,400 6,350 36,750 $ 67,600 $42,650 Contribution margin Fixed expenses 110,250 86,175 Net operating income $ 24,075 Required 1. Compute the overall contribution margin (CM) ratio for the company Overall CM ratio 2. Compute the overall break-even point for the company in dollar sales. (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.) Overall break-even point 3. Complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Lucido Products Contribution Income Statement Claimjumper Makeover Total Sales Variable expenses Contribution margin Fixed expenses Net operating income
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