Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recentmonth for the two games appears below:SalesVariable expensesContribution marginFixed expensesNet operating incomeReferencesRequired:1. What is the overall contribution margin (CM) ratio for the company?Ass2. 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 forthe two products.complete all partsPReferencesSalesClaimjumper$ 94,00023,560$ 70,440 $ 42,360What is the overall contribution margin (CM) ratio for the company?Overal CM ratioNet operating income (loss)Makeover$ 47,0004,640Required 1 Required 2What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.)Overall brouk-even pointComplete this question by entering your answers in the tabs below.Required 3Required 3Required 1 Required 2Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of salesfor the two products. (Do not round Intermediate calculations. Round your answers to the nearest dollar amount.)Lucide ProductsContribution Income StatementTotal$ 141,00028,200112,80091,200$ 21,600Claimjumper Makeover< Required 2TotalRacin

Name: Lucido Products markets two computer games: Claimjumper and Makeover.
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Description: Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recentmonth for the two games appears below:SalesVariable expensesContribution marginFixed expensesNet operating incomeReferencesRequi

calculation of above requirements re as follows

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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: Salen Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 94,000 23,560 Makeover $ 47,000 4,640 $ 70,440 $ 42,360 Total $ 141,000 28,200 112,800 91,200 $ 21,600 equired: What is the overall contribution margin (CM) ratio for the company? What is the company's overall break-even point in dollar sales? Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for e two products. omplete all parts

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Salen Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 94,000 23,560 Makeover $ 47,000 4,640 $ 70,440 $ 42,360 Total $ 141,000 28,200 112,800 91,200 $ 21,600 equired: What is the overall contribution margin (CM) ratio for the company? What is the company's overall break-even point in dollar sales? Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for e two products. omplete all parts

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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A company, has two departments—Hardware and Linens. The company’s most recent monthly contribution format income statement follows: Total Department Hardware Linens Sales $ 4,070,000 $ 3,000,000 $ 1,070,000 Variable expenses 1,350,000 950,000 400,000 Contribution margin 2,720,000 2,050,000 670,000 Fixed expenses 2,320,000 1,470,000 850,000 Net operating income (loss) $ 400,000 $ 580,000 $ (180,000) A study indicates $379,000 of the fixed expenses being charged to Linens are sunk costs or allocated costs that will continue even if the Linens Department is dropped. In addition, the elimination of the Linens Department will result in a 20% decrease in the sales of the Hardware Department. Required: What is the financial advantage (disadvantage) of discontinuing the Linens Department?
Compute for the total cost per month using costing labor cost by the given data Compute for the percentage weight of the monetary benefit, non monetary benefit, and deferred monetary benefit Compute for the percentage of cost relevant to the sales of total labor cost, given that there are 40 employees in the company and the revenue of the company is 2,500,000 monthly.
Submit A retailer has two departments-Home and Garden. The company's most recent contribution format income statement follows: Total Home Garden Sales $৪00, 000 $350,000 $450,000 Variable expenses 320,000 120,000 200,000 Contribution margin Fixed expenses 480,000 230,000 250,000 400,000 140,000 260,000 35:51 Net operating income (1loss) $ 80,000 $ 90,000 $(10,000) The retailer is considering whether It should close the Garden Department. Further analysis revealed that, of the fixed expenses being charged to the Garden Department, $140,000 are sunk costs or allocated costs that will continue If Garden is discontinued. In addition, If the Garden Department is discontinued, sales in the Home Department will drop by 5%. How much does the company's profit increase or decrease if the Garden Department is discontinued? (If a decrease, the dollar amount is indicated in parentheses, ie., $ (1,000).) Multiple Cholce $ (124,000) O Quiz $ (161,500) 1009
Calculate the Return on Investment from the following responsibility report data using total revenue as the base: Responsibility report data Account Actual Revenues Clothing revenue $473,158 Clothing accessories revenue 18,757 Expenses Associates wages $41,704 Managers wages 22,906 Cost of clothing sold 254,631 Cost of accessories sold 5,969 Equipment/fixture repairs 960 Utilities 1,539 Round to two decimal places. Be sure to enter the answer as a percentage but do not include the % sign.
Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format income statement follows: Department Hardware Total Linens $ 4, 110,000 $3,080,000 $1,030,000 1, 242,000 Sales Variable expenses 838,000 404, 000 2,242,000 1,420, 000 626, 000 840, 000 Contribution margin. 2,868,000 Fixed expenses 2, 260, 000 Net operating income (loss) $4 608, 000 $ 822,000 $ (214, 000) A study indicates that $372,000 of the fixed expenses being charged to Linens are sunk costs or allocated costs that will continue even if the Linens Department is dropped. In addition, the elimination of the Linens Department will result in a 19% decrease in the sales of the Hardware Department. Required: What is the financial advantage (disadvantage) of discontinuing the Linens Department?
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Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Total $ 4,310,000 1,313,000 2,997,000 2,200,000 $ 797,000 Department Hardware $ 3,130,000 901,000 2,229,000 1,360,000 $ 869,000 Linens $ 1,180,000 412,000 768,000 840,000 $ (72,000) A study indicates that $377,000 of the fixed expenses being charged to Linens are sunk costs or allocated costs that will continue even if the Linens Department is dropped. In addition, the elimination of the Linens Department will result in a 11% decrease in the sales of the Hardware Department. Required: What is the financial advantage (disadvantage) of discontinuing the Linens Department? Financial (disadvantage)
Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Total $ 4,130,000 1,223,000 2,907,000 2,160,000 $ 747,000 Department Hardware $ 3,060,000 814,000 2,246,000 1,310,000 $936,000 Required: What is the financial advantage (disadvantage) of discontinuing the Linens Department? Financial (disadvantage) Linens $ 1,070,000 409,000 661,000 850,000 $ (189,000) A study indicates that $377,000 of the fixed expenses being charged to Linens are sunk costs or allocated costs that will continue even if the Linens Department is dropped. In addition, the elimination of the Linens Department will result in a 18% decrease in the sales of the Hardware Department.
Analyzing profitability analysis, service company Burlington Internet Services is an Internet service provider for commercial and residential Customers. The company provided the following data for its two types of customers for the month of August: For each type of customer, determine both the contribution margin per customer and the contribution margin ratio. Round to twos decimal places. Which type of service and more profitable?