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 $ 118,000 $ 59,000 $ 177,000
Variable expenses 43,480 9,620 53,100
Contribution margin $ 74,520 $ 49,380 123,900
Fixed expenses 79,380
Net operating income $ 44,520

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.

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