Complete the contribution format income statement at

Reference no: EM13587643

Lucky Products markets two computer games: Predator and Runway. A contribution format income statement for a recent month for the two games appears below:

		Predator		Runway		Total
Sales	$	114,000	$	57,000	$	171,000
Variable expenses		42,040		9,260		51,300

Contribution margin	$	71,960	$	47,740		119,700
Fixed expenses						78,750

Net operating income					$	40,950

Required:
1.	Compute the overall contribution margin (CM) ratio for the company. (Omit the "%" sign in your response.)

Overall CM ratio

2.	Compute the overall break-even point for the company in sales dollars. (Do not round intermediate calculation. Omit the "$" sign in your response.)

Overall break-even point

Complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (Input all amounts as positive values except losses which should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to the nearest dollar amount. Omit the "$" sign in your response.)

	Predator	Runway	Total
9Click to select)Contribution marginVariable expensesFixed expensesSalesNet operating income (loss)	$	$	$
(Click to select)Contribution marginFixed expensesVariable expensesSalesNet operating income (loss)

(Click to select)Net operating income (loss)Fixed expensesContribution marginVariable expensesSales	$	$
(Click to select)Contribution marginSalesFixed expensesNet operating income (loss)Variable expenses

(Click to select)Contribution marginVariable expensesFixed expensesNet operating income (loss)Sales			$

Reference no: EM13587643

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