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lucido products markets two computer games Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for
lucido products markets two computer games
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 Claimjumper Makeover $ 102,000 $ 51,000 31,600 6,650 Total $ 153,000 38,250 $ 70,400 $ 44,350 Contribution margin Fixed expenses 114,750 82,575 Net operating income $ 32,175 Required: 1. Compute the overall contribution margin (CM) ratio for the company. Overall CM ratio 75% 2. Compute the overall break-even point for the company in dollar sales. (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.) Overall break-even point $ 110,100 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 final answers to the nearest dollar amount.) $ Lucido Products Contribution Income Statement Claimjumper Makeover Sales $ 73,767 $ 36,333 Variable expenses 22,853 4,738 Contribution margin $ 50,914 $ 31,595 Fixed expenses Net operating income Total 110,100 27,591 82,509 82,575 (66) $ Step by Step Solution
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