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need help to anwer all three requirements Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month
need help to anwer all three requirements
Lucido 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 $ 104,000 $ 52,000 Variable expenses $ 156,000 38,440 8,360 46,800 Contribution margin $ 65,560 $ 43,640 109,200 Fixed expenses 78,540 Net operating income $ 30,660 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 Step by Step Solution
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