i need help answering how to prepare a contribution format income statement at the companys...
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i need help answering how to prepare a contribution format income statement at the companys break even point that shows the appropriate levels of sales for the 2 products. i have included the figured they have given me and the excel worksheet example for it.
the overall CM ratio: 75%
overall break even point: 112,500
thank you!
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 2Requred 3 Required 3 Prepare a contribution format incor ent 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 Claimjumper Makeover Total Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) 84,375 Exercise 5-10 Multiproduct Break-Even Analysis [Lo5.9] Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below Claimju keover Total Sales Variable expenses Contribution margin Fixed expenses Net operating income ook 108,000 33,400 $ 74,600 54,000 162,000 40,500 :900 121,500 84,375 int 37,125 ences
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