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 Clain jumper $ 100,000 31,000 $:69,000 Required 1 Makeover $ 50,000 6,500 $ 43,500 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. Total $ 150,000 37,500 112,500 83,025 $ 29,475 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 Required 2 >
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 Clain jumper $ 100,000 31,000 $:69,000 Required 1 Makeover $ 50,000 6,500 $ 43,500 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. Total $ 150,000 37,500 112,500 83,025 $ 29,475 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 Required 2 >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Hh1.
Account
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
$ 100,000
31,000
$ 69,000
Makeover
$ 50,000
6,500
$: 43,500
Total
$ 150,000
37,500
112,500
83,025
$29,475
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 3
What is the overall contribution margin (CM) ratio for the company?
Overall CM ratio
Required
Required 2 >
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