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 Makeover $ 56,000 7,400 $ 77,400 $ 48,600 Clainjumper $ 112,000 34,600 Overall CM ratio 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 What is the overall contribution margin (CM) ratio for the company? Total $ 168,000 42,000 126,000 86,175 $ 39,825 % Required 1 Required 2 > 5:0
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 Makeover $ 56,000 7,400 $ 77,400 $ 48,600 Clainjumper $ 112,000 34,600 Overall CM ratio 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 What is the overall contribution margin (CM) ratio for the company? Total $ 168,000 42,000 126,000 86,175 $ 39,825 % Required 1 Required 2 > 5:0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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