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 $ 96,000 $ 48,000 $ 144,000 Variable expenses 24,040 4,760 28,800 Contribution margin $ 71,960 $ 43,240 115,200 Fixed expenses 94,560 Net operating income $ 20,640 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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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
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Contribution margin $ 71,960 $ 43,240 115,200 Fixed expenses 94,560
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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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Variable Expenses $24,040 $4,760
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Fixed Expenses $90,000
Net operating income $25,200
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$
159,000
Variable expenses
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6,950
39,750
Contribution margin
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Fixed expenses
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1. What is the overall contribution margin (CM) ratio for the
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sales?
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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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Makeover. A contribution format income statement for a recent month
for the two games appears below:
Claimjumper
Makeover
Total
Sales
$
114,000
$
57,000
$
171,000
Variable expenses
35,200
7,550
42,750
Contribution margin
$
78,800
$
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128,250
Fixed expenses
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Net operating income
$
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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?
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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
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Total
Sales
$
118,000
$
59,000
$
177,000
Variable expenses
36,400
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Contribution margin
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company?
2. What is the company's overall break-even point in dollar
sales?
3. Prepare...
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
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Sales
$
110,000
$
55,000
$
165,000
Variable expenses
40,600
8,900
49,500
Contribution margin
$
69,400
$
46,100
115,500
Fixed expenses
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Net operating income
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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
Lucido Products markets two computer games: Claimjumper and
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for the two games appears below:
Claimjumper
Makeover
Total
Sales
$
118,000
$
59,000
$
177,000
Variable expenses
36,400
7,850
44,250
Contribution margin
$
81,600
$
51,150
132,750
Fixed expenses
88,650
Net operating income
$
44,100
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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...
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
$
108,000
$
54,000
$
162,000
Variable
expenses
26,920
5,480
32,400
Contribution
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81,080
$
48,520
129,600
Fixed
expenses
89,520
Net operating
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40,080
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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...
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
$
110,000
$
55,000
$
165,000
Variable expenses
40,600
8,900
49,500
Contribution margin
$
69,400
$
46,100
115,500
Fixed expenses
79,800
Net operating income
$
35,700
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...
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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Makeover. A contribution format income statement for a recent month
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Variable expenses
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8,000
45,000
Contribution margin
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Fixed expenses
77,910
Net operating income
$
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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...
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