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 clain jumper $110,000 34,000 $ 76,000 Makeover $ 55,000 7,250 $ 47,750 Total $ 165,000 41,250 123, 750 82,800 $ 40,950 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. . Answer is complete but not entirely correct. 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 75% 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 Clain jumper $110,000 34,000 $ 76,000 Makeover $ 55,000 7,250 $ 47,750 Total $ 165,000 41,250 123,750 82,800 $ 40,950 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 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 o What is the company's overall break-even point in dollar sales? (Do not round Intermediate calculations.) Overall break-even $ 116,400 paint Raould Red 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 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. (Do not round intermediate calculations, Round your answers to the nearest dollar amount.) Lucido Products Contribution Income Statement Claimjumper Makeover Total Sales $ 776,000 $ 38,800 $ 814,800 Variable expenses 23,985 5,115 29,100 Contribution margin $ 752,015 $ 33,685 785,700 Fixed expenses 87,300 Net operating income (loss) $ 0
