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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 Net operating income Required: Claimjumper $ 98,000 24,520 $ 73,480 Makeover $ 49,000 4,880 $ 44,120 Total $ 147,000 29,400 117,600 94,080 $ 23,520

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 Required: Claimjumper $ 98,000 24,520 $ 73,480 Makeover $ 49,000 4,880 $ 44,120 Total $ 147,000 29,400 117,600 94,080 $ 23,520

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 Net operating income Required 1 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 2 Required 3 Claimjumper $ 98,000 24,520 $ 73,480 Sales Variable expenses Contribution margin What is the company's overall break-even point in dollar sales? (Do not round intermediate c Overall break-even point Fixed expenses Net operating income < Required 1 Makeover $ 49,000 4,880 $ 44,120 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 24,520 $ 73,480 Net operating income (loss) Required: 1. What is the overall contribution margin (CM) ratio for the company? Required 1 Required 2 Required 3 Required 3 > Complete this question by entering your answers in the tabs below. Total $ 147,000 29,400 117,600 94,080 $ 23,520 Makeover $ 49,000 4,880 $44,120 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 Contribution Income Statement Claimjumper Makeover Prepare a contribution format income statement at the company's break-even point that sho for the two products. (Do not round intermediate calculations. Round your answers to the ne Total $ 147,000 29,400 117,600 94,080 $ 23,520 Total
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 Required 1 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 2 Required 3 Claimjumper $ 98,000 24,520 $ 73,480 Sales Variable expenses Contribution margin What is the company's overall break-even point in dollar sales? (Do not round intermediate c Overall break-even point Fixed expenses Net operating income < Required 1 Makeover $ 49,000 4,880 $ 44,120 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 24,520 $ 73,480 Net operating income (loss) Required: 1. What is the overall contribution margin (CM) ratio for the company? Required 1 Required 2 Required 3 Required 3 > Complete this question by entering your answers in the tabs below. Total $ 147,000 29,400 117,600 94,080 $ 23,520 Makeover $ 49,000 4,880 $44,120 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 Contribution Income Statement Claimjumper Makeover Prepare a contribution format income statement at the company's break-even point that sho for the two products. (Do not round intermediate calculations. Round your answers to the ne Total $ 147,000 29,400 117,600 94,080 $ 23,520 Total
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 $ 98,000 24,520 $ 73,480 Required: 1. What is the overall contribution margin (CM) ratio for the company? Required 1 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. Makeover $ 49,000 4,880 $ 44,120 Complete this question by entering your answers in the tabs below. Required 2 Required 3 % What is the overall contribution margin (CM) ratio for the company? Overall CM ratio Total $ 147,000 29,400 117,600 94,080 $ 23,520 Required Required 2 >
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 $ 98,000 24,520 $ 73,480 Required: 1. What is the overall contribution margin (CM) ratio for the company? Required 1 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. Makeover $ 49,000 4,880 $ 44,120 Complete this question by entering your answers in the tabs below. Required 2 Required 3 % What is the overall contribution margin (CM) ratio for the company? Overall CM ratio Total $ 147,000 29,400 117,600 94,080 $ 23,520 Required Required 2 >
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