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 $ 30,000 20,000 $ 10,000 Makeover $ 70,000 50,000 $ 20,000 Total $ 100,000 70,000 30,000 24,000 $ 6,000 bleau Dashboard Activity 5-1 (Static) Part 3 Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Munabhai 

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
$ 30,000
20,000
$ 10,000
Makeover
$ 70,000
50,000
$ 20,000
Total
$ 100,000
70,000
30,000
24,000
$ 6,000
Tableau Dashboard Activity 5-1 (Static) Part 3
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.
Sales
Variable expenses
Contribution margin
Fixed expenses
Net operating income (loss)
Lucido Products
Contribution Income Statement
Claimjumper
Makeover
Total
$
0
0
$
0 $
0
0
24,000
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 $ 30,000 20,000 $ 10,000 Makeover $ 70,000 50,000 $ 20,000 Total $ 100,000 70,000 30,000 24,000 $ 6,000 Tableau Dashboard Activity 5-1 (Static) Part 3 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. Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Lucido Products Contribution Income Statement Claimjumper Makeover Total $ 0 0 $ 0 $ 0 0 24,000
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