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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: Lucido
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below:
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 Variable expenses $ 116,000 58,000 $174,000 52,200 42,760 9,440 Contribution margin Fixed expenses $ 73,240 $ 48,560 121,800 78,330 Net operating income $ 43,470 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 Makeove TotalStep by Step Solution
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