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Luckdo Products markets two computer games: Claimjumper and Makeover. A contribution format Income statement for a recent month for the two games appears below: Claimjumper
Luckdo 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 $ 94, 808 $ 47,090 $ 141, 098 Variable expenses 34 , 840 7,460 42,390 Contribution margin $ 59, 160 $ 39, 540 98, 708 Fixed expenses 77, 280 Net operating income $ 21, 426 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 1 Required 2 Required 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. Note: Do not round intermediate calculations. Round your answers to the nearest dollar amount. Lucido Products Contribution Income Statement Claimjumper Makeover Total Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss)
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