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 Claimjumper $ 57,600 38,400 $ 19,200 Makeover $ 134,400 96,000 $ 38,400 Total $ 192,000 134,400 57,600 46,080 11,520 $ 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.
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 Claimjumper $ 57,600 38,400 $ 19,200 Makeover $ 134,400 96,000 $ 38,400 Total $ 192,000 134,400 57,600 46,080 11,520 $ 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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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
Claimjumper
$57,600
38,400
$ 19, 200
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.
Required 1 Required 2 Required 3
Complete this question by entering your answers in the tabs below.
Sales
Variable expenses
Contribution margin
Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales
for the two products. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.)
Engberg Company
Contribution Income Statement
Fixed expenses
Net operating income (loss)
Makeover
$ 134,400
96,000
$ 38,400
$
Claimjumper Makeover
0 $
< Required 2
Total
$ 192,000
134,400
57,600
46,080
$ 11,520
0
$
$
Total
0
0
0
46,080
0
Required 3 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe50581f4-db0c-482d-80e6-cc4d6bddecca%2Fb87c06ca-25ee-429d-95cd-503d5059efff%2Faxozxd_processed.png&w=3840&q=75)
Transcribed Image Text: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
Claimjumper
$57,600
38,400
$ 19, 200
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.
Required 1 Required 2 Required 3
Complete this question by entering your answers in the tabs below.
Sales
Variable expenses
Contribution margin
Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales
for the two products. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.)
Engberg Company
Contribution Income Statement
Fixed expenses
Net operating income (loss)
Makeover
$ 134,400
96,000
$ 38,400
$
Claimjumper Makeover
0 $
< Required 2
Total
$ 192,000
134,400
57,600
46,080
$ 11,520
0
$
$
Total
0
0
0
46,080
0
Required 3 >
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