please help ! Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement
Get step-by-step solutions with AI-powered insights and expert guidance to help you understand core concepts.
Question:
please help !
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: 5,350 Claimjumper Makeover Total Sales $ 98,000 $ 49,000 $ 147,000 Variable expenses 30,400 36,75e Contribution margin $ 67,600 $.42,650 110,250 Fixed expenses 84,375 Net operating income $ 25,875 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.) Lucido Products Contribution Income Statement Claimjumper Makeover Total Sales 76,000 112.500 Variable expenses Contribution margin Fixed expenses Net operating Income (108)
Posted Date: