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 $ 102,000 31,600 $ 70,400 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? Required 1 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. Makeover $ 51,000 6,650 $ 44,350 Complete this question by entering your answers in the tabs below. Overall CM ratio Required 2 Required 3 Total $ 153,000 38,250 114,750 85,725 $ 29,025 What is the overall contribution margin (CM) ratio for the company? % < Required 1 Required 2 > Complete this question by entering your answers in the tabs below. 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 < Required 1 Required 3 > Complete this question by entering your answers in the tabs below. 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.) Net operating income (loss) Lucido Products Contribution Income Statement Claimjumper Makeover < Required 2 Total Required 3 > 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 $ 102,000 31,600 $ 70,400 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? Required 1 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. Makeover $ 51,000 6,650 $ 44,350 Complete this question by entering your answers in the tabs below. Overall CM ratio Required 2 Required 3 Total $ 153,000 38,250 114,750 85,725 $ 29,025 What is the overall contribution margin (CM) ratio for the company? % < Required 1 Required 2 > Complete this question by entering your answers in the tabs below. 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 < Required 1 Required 3 > Complete this question by entering your answers in the tabs below. 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.) Net operating income (loss) Lucido Products Contribution Income Statement Claimjumper Makeover < Required 2 Total Required 3 >
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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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