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Lucido Products markets two computer games: Claimjumper and Makeovet. A contribution format income statement for a recent month for the two games appears below Sales
Lucido Products markets two computer games: Claimjumper and Makeovet. 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 Clai jumper $ 110,000 34,000 $ 76,000 Makeover $ 55,000 2,25e $ 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
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