Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. lucido products markets two computer games: claimj

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for...

70.2K

Verified Solution

Question

Accounting

image
image
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 Claimjumper $ 116,000 42,760 Makeover $ 58,000 9,440 Total $ 174,000 52,200 Contribution margin Fixed expenses $ 73,240 $ 48,560 121,800 77,280 Net operating income $ 44,520 Required: 1. Compute the overall contribution margin (CM) ratio for the company. Overall CM ratio 70% 2. Compute the overall break-even point for the company in dollar sales. (Do not round intermediate culations. Round your final answer to the nearest dollar amount.) Overall break-even point $ 110,400 3. Complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.) Total Lucido Products Contribution Income Statement Claimjumper Makeover Sales Variable expenses Contribution margin 0 $ Fixed expenses Net operating income 0 77,280 (77,280) $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The electric field in the space is given by E E xi y zk Consider...

Physics
Q

The Jones family took a 24 mile canoe ride down the Indian river in two...

Basic Math
Q

Let P 3 2 Q 3 6 R 1 4 Part 1 Find the component...

Calculus
Q

Verify the identity algebraically Use a graphing utility to check your result graphically 7 csc...

Algebra
Q

help! Make, or Buy Dedision expected to be 134 of the...

Accounting
Q

Operating data for Concord Corporation are as follows. Prepare a schedule showing a vertical analysis...

Accounting
Q

Jetson Co. sold 20,400 units of its only product and incurred a $53,368 loss (ignoring...

Accounting
Q

Clark Industries has a defined benefit pension plan that specifies annual, year-end retirement benefits equal...

Accounting
Q

Torres Company has the following data for the Assembly Department for August (Click the icon...

Accounting
Q

If a fire destroys the merchandise inventory, the gross profit method can be used to...

Accounting
Q

Question 4 Many businesses issue convertible bonds, which provide the right for holders to convert...

Finance
Q

Problem 3-11 T-Account Analysis of Cost Flows (LO3-2, LO3-3, LO3-4) Selected T-accounts of Moore Company...

Accounting