Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...

70.2K

Verified Solution

Question

Accounting

Lucido Products markets two computer games: Claimjumper andMakeover. A contribution format income statement for a recent monthfor the two games appears below: Claimjumper Makeover Total Sales $100,000 $ 50,000 $ 150,000 Variable expenses 31,000 6,500 37,500Contribution margin $ 69,000 $ 43,500 112,500 Fixed expenses 86,175Net operating income $ 26,325 Required: 1. Compute the overallcontribution margin (CM) ratio for the company. 2. Compute theoverall break-even point for the company in dollar sales. (Do notround intermediate calculations. Round your final answer to thenearest dollar amount.) 3. Complete the contribution format incomestatement at break-even point for the company showing theappropriate levels of sales for the two products. (Do not roundintermediate calculations. Round your final answers to the nearestdollar amount.)

Answer & Explanation Solved by verified expert

4.0 Ratings (575 Votes)

All working forms part of the answer Requirement 1 Claimjumper Makeover Total Percent of total sales 666667 333333 100 Sales 100000 100 50000 See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member