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Please answer 1,2, & 3 Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the
Please answer 1,2, & 3
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 $120,000 44,200 $ 75,800 Makeover $ 60,000 9,800 $ 50,200 Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 180,000 54,000 126,000 80,010 $ 45,990 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 What is the overall contribution margin (CM) ratio for the company? Overall 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 $120,000 $ 60,000 $ 180,000 Variable expenses 44,200 9,900 54,000 Contribution margin $ 75,800 $ 50,200 126,000 Fixed expenses 80,010 Net operating income $ 45,990 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 What is the company's overall break-even point in dollar sales? (Do not round Intermediate calculations.) Overall break-even point claimjumper $120,000 44,200 $ 75,800 Makeover $ 60,000 9,800 $ 50,200 Salon Variable expenses Contribution margin Fixed expenses Net operating income Total $ 180,000 54,000 126,000 80,010 $ 45,990 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 the two products Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 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. (Do not round Intermediate calculations. Round your answers to the nearest dollar amount.) Lucido Products Contribution Income Statement Claimjumper Makeover Total Net operating income (loss) Step by Step Solution
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