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Please help answer this question. Thank you! Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month
Please help answer this question. Thank you!
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 102,000 25,480 $ 76,520 Makeover $ 51,000 5,120 $ 45,880 Total $ 153,000 - 30,600 122,400 88,800 $ 33,600 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 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.) Total Engberg Company Contribution Income Statement Claimjumper Makeover Sales Variable expenses Contribution margin $ 0 $ Fixed expenses Net operating income (loss) 0 $Step by Step Solution
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