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Not sure where to start and how to tackle the question. Please help Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format

Not sure where to start and how to tackle the question. Please help

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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 $116,000 $ 58,000 $ 174,000 Variable expenses 28,840 5,960 34,800 Contribution margin $ 87,160 $ 52,040 139,200 Fixed expenses 92 , 160 Net operating income 5 47, 040 ' Required: 1. What is the overall contribution margin (CM) ratio for the company? 2' What is the company's overall breakeven 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 What is the overall contribution margin (CM) ratio for the company? Required 2 )

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