Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recentmonth for the two games appears below:SalesVariable expensesContribution marginFixed expensesNet operating incomeRequired:Claimjumper$ 120,00029,800$ 90,200$ 53,800Makeover$ 60,0006,200Total$ 180,00036,000144,0001. What is the company's overall contribution margin (CM) ratio?2. What is the company's overall break-even point in dollar sales?88,560$ 55,4403. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales forthe two products.Complete this question by entering your answers in the tabs below.Required 1Required 2 Required 3Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of salesfor the two products.Note: Do not round intermediate calculations. Round your answers to the nearest dollar amount.SalesVariable expensesContribution marginFixed expensesNet operating income (loss)Lucido ProductsContribution Income StatementClaimjumperMakeoverTotal$88,560 $36,000 $124,560< PreviousRequired 3

1. Overall CM ratio = (Overall CM / Overall sales) x 100%Overall CM ratio = (144,000 / 180,000) x…

Answered: Lucido Products markets two computer…

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter10: Cost Analysis For Management Decision Making

Section: Chapter Questions

Problem 18E

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PDF Advisory and Tax Services provides primarily two lines of service: Advisory and Tax. Advisory services represent 0.60 of its revenue and provide a contribution margin ratio of 0.30 Tax services represent 0.40 of its revenue and provide a 0.40 contribution margin ratio. The company’s fixed costs are $4,250,000. Required Compute the weighted average contribution margin ratio. Compute the total revenue required to break even. Calculate the revenue from each type of service that the company must achieve to break even.
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Warm Hands, a small company based in Prince Edward Island, manufactures and sells two types of lightweight gloves for runners- Warm and Cozy. Current revenue, cost, and unit sales data for the two products appear below: Warm Cozy $15.00 Selling price per pair Variable expenses per pair Number of pairs sold monthly $10.00 $ 2.50 $ 7.50 2,100 units 700 units Fixed expenses are $2,520 per month.
Please do not provide answer in image formate thank you. Refer to the following Cost-Volume-Profit (CVP) graph of a business entity to answer the following question. What is the amount of profit if 83429 units were sold? Do not enter any sign or symbol, only enter two (2) decimal numbers, such as 123.56.
Fill in the missing amounts in each of the eight case situations below. Each case is independent of the others. (Hint: One way to find the missing amounts would be to prepare a contribution format income statement for each case, enter the known data, and then compute the missing items.) Required: a. Assume that only one product is being sold in each of the following four case situations: Unit sold Sales Variable expenses Foxed expenses Operating income (loss) Contribution margin per unit $ Case #1 15,000 180,000 $ 100,000 120,000 50,000 $ $ Case #2 Case #1 Case #3 10,000 Case #2 70,000 $ 32,000 8,000 $ 12,000 $ 10 $ 13 Case #4 b. Assume that more than one product is being sold in each of the following four case situations: (Enter "Contribution margin ratio" in percent. Round your final answers to the nearest whole dollar amount.) Case #3 6,000 300,000 100,000 (10,000) Case #4
A-3
2. a) A company manufactures and retails tablet computers. You are required to group the costs which are listed below and numbered (1)-(10) into the following classifications i-v (each cost is intended to belong to only one classification): 1- Wiring for the tablet 2-The maintenance contract from the machines 3- Aftersales customer service 4- The Chief Executive Salary 5- Shipping costs from the warehouse to the retailer 6- Marketing Costs 7- Interest on bank overdraft 8- Staff Training costs 9- Electricity to run the production line 10- Warehouse storage rent for the tablets. i. ii. iii. iv. V. Direct materials 1 Indirect production overhead 2 Selling and distribution costs Administration costs Finance costs
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Todrick Company is a merchandiser that reported the following information based on 1,000 units sold: $ 300,000 $ Sales Beginning merchandise inventory 20,000 $ 200,000 $ $ $ Purchases Ending merchandise inventory Fixed selling expense Fixed administrative expense Variable selling expense Variable administrative expense Contribution margin Net operating income 7,000 ? 12,000 $ 15,000 $ 60,000 $ 18,000 Required: 1. Prepare a contribution format income statement.

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