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PLEASE HELP ME! Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games
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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Makeover $ 52,000 Claimjumper $ 104,000 32,200 $ 71,800 Sales Variable expenses Contribution margin Fixed expenses Net operating income 6,800 $ 45,200 Total $ 156,000 39,000 117,000 88,650 $ 28,350 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 $ 78,804/ $ 39,369 $ Total Sales 118,2011 Variable expenses Contribution margin Fixed expenses Net operating income (loss)Step by Step Solution
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