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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 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 $30,000 $70,000 $100,000 Variable expenses 20,000 50,000 70,000 Contribution margin $10,000 $20,000 30,000 24,000 Fixed expenses Net operating income $6,000 Requirement 1: Compute the overall contribution margin (CM) ratio for the company. (Round your answer to the nearest whole percent. Omit the "%" sign In your response.) Overall CM ratio Requirement 2: Compute the overall break-even point for the company in sales dollars. (Omit the "$" sign in your response.) Overall break-even Requirement 3: Verify the overall break-even point for the company by constructing a contribution format income statement showing the appropriate levels of sales for the two products. (Round your answers to the nearest dollar amount. Do not round your Interim calculation. Leave no cells blank - be certain to enter "O" wherever required. Omit the "$" and "%" sign in your response.) Original dollar sales Sales at break-even Sales Variable expenses Claimjumper Makeover Total S $ $ S Claimjumper Makeover Total $ S Contribution margin S S Fixed expenses Net operating income
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