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 Makeover $ 104,000 $ 52,000 25,960 5,240 $ 78,040 $ 46,760 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. Required 1 Total $ 156,000 31, 200 124,800 93,840 $ 30,960 Complete this question by entering your answers in the tabs below. Required 2 Required 3 What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations )
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 Makeover $ 104,000 $ 52,000 25,960 5,240 $ 78,040 $ 46,760 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. Required 1 Total $ 156,000 31, 200 124,800 93,840 $ 30,960 Complete this question by entering your answers in the tabs below. Required 2 Required 3 What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations )
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Exercise 6-10 (Algo) Multiproduct Break-Even Analysis [LO6-9]
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 Makeover
$ 52,000
5,240
$ 104,000
25,960
$ 78,040 $ 46,760
Required 1
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.
Total
$ 156,000
31, 200
124,800
93,840
$ 30,960
Complete this question by entering your answers in the tabs below.
Required 2 Required 3
What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.)
Overall break-even point](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fee124333-d847-425e-be04-fc96a865d87e%2F03538eef-eb89-4959-b066-73e6f355d000%2Fgdfkpv_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 6-10 (Algo) Multiproduct Break-Even Analysis [LO6-9]
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 Makeover
$ 52,000
5,240
$ 104,000
25,960
$ 78,040 $ 46,760
Required 1
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.
Total
$ 156,000
31, 200
124,800
93,840
$ 30,960
Complete this question by entering your answers in the tabs below.
Required 2 Required 3
What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.)
Overall break-even point
Transcribed Image Text: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.
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.)
Net operating income (loss)
Lucido Products
Contribution Income Statement
Sales
Variable expenses
Contribution margin
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a
recent month for the two games appears below:
Fixed expenses
Net operating income
Claimjumper Makeover
Required 1
Claimjumper Makeover Total
$ 104,000 $ 52,000
25,960
$ 156,000
31, 200
5,240
$78,040 $ 46,760
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?
Overall CM ratio
Total
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.
Complete this question by entering your answers in the tabs below.
124,800
93,840
$ 30,960
Required 2 Required 3
What is the overall contribution margin (CM) ratio for the company?
%
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