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Lucky Products markets two computer games: Predator and Runway. A contribution format income statement for a recent month for the two games appears below: Predator

Lucky Products markets two computer games: Predator and Runway. A contribution format income statement for a recent month for the two games appears below:

Predator Runway Total
Sales $ 114,000 $ 57,000 $ 171,000
Variable expenses 42,040 9,260 51,300
Contribution margin $ 71,960 $ 47,740 119,700
Fixed expenses 78,750
Net operating income $ 40,950
Required:
1.

Compute the overall contribution margin (CM) ratio for the company. (Omit the "%" sign in your response.)

Overall CM ratio %
2.

Compute the overall break-even point for the company in sales dollars. (Do not round intermediate calculation. Omit the "$" sign in your response.)

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. (Input all amounts as positive values except losses which should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to the nearest dollar amount. Omit the "$" sign in your response.)

Predator Runway Total
(Click to select)Contribution marginVariable expensesFixed expensesSalesNet operating income (loss) $ $ $
(Click to select)Contribution marginFixed expensesVariable expensesSalesNet operating income (loss)
(Click to select)Net operating income (loss)Fixed expensesContribution marginVariable expensesSales $ $
(Click to select)Contribution marginSalesFixed expensesNet operating income (loss)Variable expenses
(Click to select)Contribution marginVariable expensesFixed expensesNet operating income (loss)Sales $

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