Business, 08.10.2020 17:01 kevonmajor

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 Makeover Total Sales$116,000 $58,000 $174,000 Variable expenses 28,840 5,960 34,800 Contribution margin$87,160 $52,040 139,200 Fixed expenses 91,200 Net operating income $48,000 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.

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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income s...

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