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Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 96,000 24,040 $ 71,960 Makeover $ 48,000 4,760 $ 43,240 Total $ 144,000
Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 96,000 24,040 $ 71,960 Makeover $ 48,000 4,760 $ 43,240 Total $ 144,000 28,800 115,200 90,480 $ 24,720 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 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio % 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 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 Net operating income (loss)
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