Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 98,000 30,400 Makeover $...

Transcribed Image Text:

Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 98,000 30,400 Makeover $ 49,000 6,350 $ 67,600 $ 42,650 Total $ 147,000 36,750 110,250 84,600 $ 25,650 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.) Engberg Company Contribution Income Statement Prev 5 of 5 Next > Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 98,000 30,400 Makeover $ 49,000 6,350 $ 67,600 $ 42,650 Total $ 147,000 36,750 110,250 84,600 $ 25,650 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.) Engberg Company Contribution Income Statement Prev 5 of 5 Next >