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 a...

70.2K

Verified Solution

Question

Accounting

Lucido Products markets two computer games: Claimjumper andMakeover. A contribution format income statement for a recent monthfor the two games appears below: Claimjumper Makeover Total Sales $100,000 $ 50,000 $ 150,000 Variable expenses 31,000 6,500 37,500Contribution margin $ 69,000 $ 43,500 112,500 Fixed expenses 86,175Net operating income $ 26,325 Required: 1. Compute the overallcontribution margin (CM) ratio for the company. 2. Compute theoverall break-even point for the company in dollar sales. (Do notround intermediate calculations. Round your final answer to thenearest dollar amount.) 3. Complete the contribution format incomestatement at break-even point for the company showing theappropriate levels of sales for the two products. (Do not roundintermediate calculations. Round your final answers to the nearestdollar amount.)

Answer & Explanation Solved by verified expert
4.0 Ratings (575 Votes)
All working forms part of the answer Requirement 1 Claimjumper Makeover Total Percent of total sales 666667 333333 100 Sales 100000 100 50000    See Answer
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

Question 17 Not yet answered Marked out of 1.00 Flag question Question text The political and military alliance by which...

Psychology
Q

Why should a company focus on mobile business to stay competitive?

General Management
Q

An AC Bridge enables us to perform precise measurements for reactance measurement determining the Q...

Physics
Q

For the set of triangle vertices find the coordinates of the vertices of the image...

Geometry
Q

Which algebraic expression represents this word description?The difference between the product of nine and a...

Basic Math
Q

A spinner marked off in 5 equal-size regions, numbered 1 through 5, is spun twice....

Calculus
Q

Compute book value on the following : Fixed Assets ;-Cost-$50,000 ; Market Value $60,00 Salvage...

Accounting
Q

1. With which suppliers are you most integrated? With which customers? Why? 2. With which...

Accounting
Q

Wildhorse Inc. manfactures cycling equipment. Rencently, the vice president of operations of the company has...

Accounting
Q

Required information Problem 11-41(LO 11-3, LO 11-4)(Algo) [The following information applies to...

Accounting
Q

Calculate ROI 10. Calculate ROI if Sales = $105,000, Operating Expenses =...

Accounting
Q

Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several...

Accounting