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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format iincome statement for a recent month for the two games appears below Claimjumper
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format iincome statement for a recent month for the two games appears below Claimjumper 114,000 Makeover Total Sales Variable expenses 57,000 5,840 171,000 28,360 34,200 Contribution margin 51,160 85,640 136,800 Fixed expenses 88,560 $48,240 Net operating income 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. Complete this question by entering your answers in the tabs below. Required 2 Required 1 Required 3 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio Required 2 KRequired 1
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