Question
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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 | Makeover | Total | |||||||
| Sales | $ | 106,000 | $ | 53,000 | $ | 159,000 | |||
| Variable expenses | 32,800 | 6,950 | 39,750 | ||||||
| Contribution margin | $ | 73,200 | $ | 46,050 | 119,250 | ||||
| Fixed expenses | 84,375 | ||||||||
| Net operating income | $ | 34,875 | |||||||
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.
| claimjumper | makeover | total | |
| net operating income |
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