Question: Please help me with question 3. I think I have all correct but the red x but not for sure. Thanks in advance Lucido Products
Please help me with question 3. I think I have all correct but the red x but not for sure.
Thanks in advance
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below Claimjumper S 104,000 Makeover 6,800 $ 45,200 Total Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 52,000 $ 156,000 39,000 117,000 83,475 $ 33,525 32,200 $ 71,800 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 Answer is complete but not entirely correct. 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.) Lucido Products Contribution Income Statement Claimjumper Makeover Total Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) 74,571 36,729 111,300 27,825 83,475 83,475 23,088 4,737 51,483 $ 31,992
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