Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income...
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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: Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $116,000 42,760 $ 73,240 Makeover $ 58,000 9,440 $ 48,560 Total $ 174,000 52,200 121,800 78,960 $ 42,840 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
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