Question
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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