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Make contribution format income statement at the company

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Reference no: EM132586185

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below:

                                              Claim jumper              Makeover                    Total

Sales                            $30,000                        $70,000                 $100,000

Variable expenses             20,000                         50,000                   70,000

Contribution margin            $10,000                      $20,000                30,000

Fixed expenses 24,000

Net operating income $6,000

Required:

Question 1. What is the overall contribution margin (CM) ratio for the company?

Question 2. What is the company's overall break-even point in dollar sales?

Question 3. Prepare contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.

Reference no: EM132586185

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