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Only need help for number 3. Thank you! Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the
Only need help for number 3. Thank you!
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. Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper Makeover $ 102,000 $ 51,000 31,600 6,650 $ 70,400 $ 44,350 Total $ 153,000 38,250 114,750 85,725 $ 29,025 Lucido Products Contribution Income Statement Claimjumper Makeover Total Sales $ $ 118,200 39,400 X $ 6,650 44,350 X 38,250 X 114,750 X $ Variable expenses Contribution margin Fixed expenses Net operating income (loss) 85,725 29,025 Step by Step Solution
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