Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover Total Sales $118,000 $59,000 $177,000 Variable Expenses $36,400 $7,850 $44,250 Contribution Margin $81,600 $51,150 $132,750 Fixed Expenses $88,200 Net Operating Income $44,550 Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover Total Sales $118,000 $59,000 $177,000 Variable Expenses $36,400 $7,850 $44,250 Contribution Margin $81,600 $51,150 $132,750 Fixed Expenses $88,200 Net Operating Income $44,550 Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

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Lucido Products markets two computer
games: Claimjumper and Makeover. A
contribution format income statement for
a recent month for the two games
appears below:
Claimjumper Makeover Total
Sales $118,000 $59,000 $177,000
Variable Expenses $36,400 $7,850
$44,250
Contribution Margin $81,600 $51,150
$132,750
Fixed Expenses $88,200
Net Operating Income $44,550
Prepare a contribution format income
statement at the company's break-even
point that shows the appropriate levels of
sales for the two products.

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Step 1: Introduce to break even point

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Step 2: Working for overall CM Ratio and Overall break-even point

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Step 3: Working for sales mix

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Step 4: Working for dollar sales of two products at break even

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Step 5: Working for variable costs of two products at break even

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-CH 05 X + ezto.mheducation.com S e .C - CH 05 G Saved Help Save Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper $ 98,000 36, 280 Makeover Total Sales $ 49,000 7,820 $ 147,000 44,100 Variable expenses Contribution margin $ 61,720 $ 41,180 102,900 Fixed expenses 81,480 Net operating income $21,420 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? ... ...
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