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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 Total Sales $ 96,000 S 48,000 $144,000 Variable expenses 35,560 7,640 43,200 $ 40,360 100,800 Contribution margin $ 60,440 Fixed expenses 81,060 Net operating Income $ 19,740 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 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 answers to the nearest dollar amount.)
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