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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: ClaimjumperMakeoverTotalSales$

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below:

ClaimjumperMakeoverTotalSales$ 96,000$ 48,000$ 144,000Variable expenses24,0404,76028,800Contribution margin$ 71,960$ 43,240115,200Fixed expenses 88,080Net operating income $ 27,120

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.

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image text in transcribedimage text in transcribed Complete this question by entering your answers in the tabs below. What is the overall contribution margin (CM) ratio for the company? Complete this question by entering your answers in the tabs below. What is the company's overall break-even point in dollar sales? (Do not round intermediate calculation Complete this question by entering your answers in the tabs below. 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.)

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