Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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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 Makeover $ 98,000 $ 49,000 30,400 6,350 $ 67,600 $ 42,650 Total $ 147,000 36,750 110,250 85,275 $ 24,975 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio 75 % Required 1 Required 2 Required 3 What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.) Overall break-even point $ 113,700 Required 1 Required 2 Required 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. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Lucido Products Contribution Income Statement Claimjumper $ $ Makeover 98,000 $ 76,179 67,600 $ 49,000 $ 37,521 42,650 $ Total 147,000 113,700 110,250 85,275 24,975 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 Makeover $ 98,000 $ 49,000 30,400 6,350 $ 67,600 $ 42,650 Total $ 147,000 36,750 110,250 85,275 $ 24,975 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the overall contribution margin (CM) ratio for the company? Overall CM ratio 75 % Required 1 Required 2 Required 3 What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.) Overall break-even point $ 113,700 Required 1 Required 2 Required 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. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Lucido Products Contribution Income Statement Claimjumper $ $ Makeover 98,000 $ 76,179 67,600 $ 49,000 $ 37,521 42,650 $ Total 147,000 113,700 110,250 85,275 24,975
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Answer rating: 100% (QA)
Req 1 Req 2 Req 3 Overall CM Ratio CM Ratio Total contribution Total sales 110250147000 Break Even D... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
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