Format income statement at break-even point

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Reference no: EM13915454

 

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

$

120,000   

$

60,000     

$

180,000   

  Variable expenses

 

44,200

 

9,800   

 

54,000

 

 

 

 

 

 

 

  Contribution margin

$

75,800

$

50,200     

 

126,000   

  Fixed expenses

 

 

 

 

 

80,430

 

 

 

 

 

 

 

  Net operating income

 

 

 

 

$

45,570

 

 

 

 

 

 

 

Complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (Do not round intermediate calculations. Round your final answers to the nearest dollar amount.)

Reference no: EM13915454

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