Not secure l ezto.mheducation.com/hm.tpx?--0.530544735492688-1536775756385 Lucid

Question

Not secure l ezto.mheducation.com/hm.tpx?--0.530544735492688-1536775756385 Lucido Products markets two computer games Claimjumper and Makeover. A contribution format incom statement for a recent month for the two games appears below Claimjumper-Makeover- _Total $116,000 58,000 174,000 Sales Variable expenses 35,800 7,700 43,500 Contribution margin 80,200 50,300 130,500 83,700 Fixed expenses Net operating income S 46,800 Required 1. Compute the overall contribution margin (CM) ratio for the company verall CM ratioww 75 % 2. Compute the overall break-even point for the company in dollar sales. (Do not round intermediate calculations. Round your answer to the nearest dollar amount. S 111,600 3 Complete the contribution format income statement at break-even point for the company showing 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 Claimjumper Makeover Total Variable expenses O Type here to search

Explanation / Answer

1) Overall CM Ration 75% total contribution /total sales 130,500/174000 75% 2) overall break even point 111,600 fixed expense/overall cm ratio 83700/75% 111600 3) Jumper Makeover total Sales 74400 37200 111600 Variable expense 22961 4939 27900 Contribution margin 51439 32261 83700 less:Fixed expense 83700 Net operating income 0 Sales ratio = 116,000 : 58,000 2 : 1 sales of breakven is to be apportioned in the ratio of 2:1 Variable expense maintain original ratio jumper = 35800/116000 0.308621 makeover = 7700/58000= 0.132759

Related Questions

Navigate

• Browse (All)
• Browse N
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.