Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for...
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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 $ 102,000 37,720 $ 64,280 Makeover $ 51,000 8,180 $ 42,820 Total $ 153,000 45,900 107,100 82,530 $ 24,570 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. Answer is complete but not entirely correct. 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 Total Sales 153,000 Variable expenses Claimjumper Makeover $ 102,000 $ 51,000 $ 37,720 X 8,180 X $ 64,280 $ 42,820 45,900 OOOO 107,100 Contribution margin Fixed expenses Net operating income (loss) 82,530 $ 24,570 X
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