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

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Accounting

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below:
Claimjumper Makeover Total
Sales $ 114,000 $ 57,000 $ 171,000
Variable expenses 42,0409,26051,300
Contribution margin $ 71,960 $ 47,740119,700
Fixed expenses 79,380
Net operating income $ 40,320
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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