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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 $ 100,000 $ 50,000 $ 150,000
Variable expenses 31,000 6,500 37,500
Contribution margin $ 69,000 $ 43,500 112,500
Fixed expenses 83,250
Net operating income $ 29,250

Required: (SHOW ALL WORK)

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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