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Please correct the incorrect answers. thanks Return to questo Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a
Please correct the incorrect answers. thanks
Return to questo 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 Variable expenses 42,760 9,440 52,200 Contribution margin $ 73,240 $ 48,560 121,800 Fixed expenses 82,320 Net operating income $ 39,480 $ 174,000 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 appropria levels of sales for the two products. Answer is complete but not entirely correct. 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? Dari CM 70 % Round 1 Required 2 > x Answer is complete but not entirely correct. 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 $ 116,700 X (Required 1 Required 3 > Answer is complete but not entirely correct. 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 for the two products. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Lucido Products Contribution Income Statement Claimjumper Makeover S 77,800 38,900 IS 28,818 6,1928 IS 48,982 IS 32,708 Sales Total 116.700 35,010 B1,690 Variable expenses Contribution margin 81,690 X Fixed expenses 0 Net operating income (loss)Step by Step Solution
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