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 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 Required 2 Required 3 Claimjumper $ 70,200 46,800 $ 23,400 Complete this question by entering your answers in the tabs below. Sales Variable expenses Contribution margin 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.) Engberg Company Contribution Income Statement Fixed expenses Net operating income (loss) Makeover $ 163,800 117,000 $ 46,800 $ Claimjumper Makeover $ Total $ 234,000 163,800 70,200 56,160 $ 14,040 56,160 $ 131,040 $ 56,160 $ 131,040 Total 187,200 0 187,200 56,160
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 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 Required 2 Required 3 Claimjumper $ 70,200 46,800 $ 23,400 Complete this question by entering your answers in the tabs below. Sales Variable expenses Contribution margin 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.) Engberg Company Contribution Income Statement Fixed expenses Net operating income (loss) Makeover $ 163,800 117,000 $ 46,800 $ Claimjumper Makeover $ Total $ 234,000 163,800 70,200 56,160 $ 14,040 56,160 $ 131,040 $ 56,160 $ 131,040 Total 187,200 0 187,200 56,160
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
5
Transcribed Image Text: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
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 Required 2 Required 3
Claimjumper
$ 70,200
46,800
$ 23,400
Complete this question by entering your answers in the tabs below.
Sales
Variable expenses
Contribution margin
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.)
Engberg Company
Contribution Income Statement
Fixed expenses
Net operating income (loss)
Makeover
$ 163,800
117,000
$ 46,800
$
Claimjumper Makeover
$
Total
$ 234,000
163,800
70,200
56,160
$ 14,040
56,160 $ 131,040 $
56,160 $
131,040
Total
187,200
0
187,200
56,160
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