- Lucido Products Markets Two Computer Games Claimjumper And Makeover A Contribution Format Income Statement For A Recen 1 (112.12 KiB) Viewed 15 times
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 $ 96,000 Sales Makeover $ 48,000 4,760 Variable expenses 24, 040 Total $ 144,000 28,800 115,200 91,680 Contribution margin $ 71,960 $ 43,240 Fixed expenses Net operating income. $ 23,520 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. Complete this
question by entering your answers in the tabs below. Required 1 Required 2 Required 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. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Lucido Products Contribution Income
Statement Claimiumner Makeover Total