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so my answers are correct except for the Net Operating Income. can someone explain to me please? Lucido Products markets two computer games: Claimjumper and

so my answers are correct except for the Net Operating Income. can someone explain to me please? image text in transcribed
image text in transcribed
image text in transcribed
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 $110,000 34,000 $ 76,000 Makeover $ 55,000 7,250 $ 47,750 Total $ 165,000 41,250 123, 750 84,150 $ 39,600 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 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 Sales $ 75,174 $ 27.026 $ Variable expenses 23,236 4,881 Contribution margin $ 51,938 $ 32,145 Fixed expenses Net operating income (loss) $ Total 112,200 28,117 84,083 84,150 (67)

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