Question: please help by answering the required three table! Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent

please help by answering the required three table!
please help by answering the required three table! Lucido Products markets two
computer games: Claimjumper and Makeover. A contribution format income statement for a

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 Clainjumper $116,000 35,800 $ 80,200 Makeover $ 58,000 7,700 $ 50,300 Required: 1. What is the overall contribution margin (CM) ratio for the company? Total $ 174,000 43,500 130,500 86,625 $ 43,875 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. Answer is not complete. 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.) Sales Variable expenses Contribution margin Lucido Products Contribution Income Statement Fixed expenses Net operating income (loss) Claimjumper Makeover

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!