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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: Sales Variable expenses Contribution margin Fixed expenses Claimjumper Makeover $ 114,000 42,040 $57,000 9,260 $ 71,960 $ 47,740 Total $ 171,000 51,300 119,700 77,280

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 Claimjumper Makeover $ 114,000 42,040 $57,000 9,260 $ 71,960 $ 47,740 Total $ 171,000 51,300 119,700 77,280

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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ook int Print 0 erences 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 expensen Contribution margin Fixed expenses Net operating income Claimjumper $ 114,000 42,040 Makeover $ 57,000 9,260 $ 71,960 $ 47,740 Total $ 171,000 51,300 119,700 77,280 $ 42,420 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 31 What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.) Overall break-even point <Required 1 Required 3 >
Transcribed Image Text:ook int Print 0 erences 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 expensen Contribution margin Fixed expenses Net operating income Claimjumper $ 114,000 42,040 Makeover $ 57,000 9,260 $ 71,960 $ 47,740 Total $ 171,000 51,300 119,700 77,280 $ 42,420 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 31 What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.) Overall break-even point <Required 1 Required 3 >
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