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
Managerial Accounting: The Cornerstone of Business Decision-Making
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ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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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 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 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa044b0f6-28fd-4da6-8af5-7b387b624f6f%2Fb435d52f-6ed9-4a43-84a1-de6e4f1bdab0%2Fdtm5cfr_processed.jpeg&w=3840&q=75)
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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