Question: EXERCISE 3-10 Compute the Break-Even Point for a Multiproduct Company (L03-9) Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement

EXERCISE 3-10 Compute the Break-Even Point for a Multiproduct Company (L03-9) Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Sales ..... Variable expenses. Contribution margin. Fixed expenses Net operating income. Claimjumper $ 30,000 20,000 $ 10,000 Makeover $70,000 50,000 $20,000 Total $100,000 70,000 30,000 24,000 $ 6,000 Required: 1. Compute the overall contribution margin (CM) ratio for the company. 2. Compute the overall break-even point for the company in dollar sales. 3. Verify the overall break-even point for the company by constructing a contribution format income statement showing the appropriate levels of sales for the two products

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