Lucido Products markets two computer games: Claimjumper and Makeover. A contribu

Question

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below Total Sales Variable expenses $ 100,000 50,000 $ 150,000 37,500 31,000 6,500 Contribution margin Fixed expenses 69,000 $43,500 112,500 84,150 Net operating income $ 28.350 Required: 1. Compute the overall contribution margin (CM) ratio for the company CM ratio 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) 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

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars Claimjumper Makeover Total Sales         100,000.00            50,000.00         150,000.00 Variable Expenses         (31,000.00)            (6,500.00)         (37,500.00) Contribution Margin            69,000.00            43,500.00         112,500.00 Fixed expenses         (84,150.00) Net Operating Income            28,350.00 1) Overall CM Ratio = 112,500/150,000 75.00% 2) Overall BEP = 84150/75%         112,200.00 3) Sales            74,800.00            37,400.00         112,200.00 Variable Expenses         (23,188.00)            (4,862.00)         (28,050.00) Contribution Margin            84,150.00 Fixed expenses         (84,150.00) Net Operating Income                           -

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