Question
In: Accounting
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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 | 42,760 | 9,440 | 52,200 | ||||||
| Contribution margin | $ | 73,240 | $ | 48,560 | 121,800 | ||||
| Fixed expenses | 79,380 | ||||||||
| Net operating income | $ | 42,420 | |||||||
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.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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
$
118,000
$
59,000
$
177,000
Variable
expenses
29,320
6,080
35,400
Contribution
margin
$
88,680
$
52,920
141,600
Fixed expenses
93,120
Net operating
income
$
48,480
Required:
1.
Compute the overall contribution margin (CM) ratio for the
company.
2.
Compute the overall break-even point for...
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
Lucido Products markets two computer games: Claimjumper and
Makeover. A contribution format income statement for a recent month
for the two games appears below:
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.
Claimjumper
Makeover
Total
Sales
$
96,000
$
48,000
$
144,000...
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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
$
104,000
$
52,000
$
156,000
Variable expenses
25,960
5,240
31,200
Contribution margin
$
78,040
$
46,760
124,800
Fixed expenses
91,680
Net operating income
$
33,120
Required:
Prepare a contribution format income statement at the company's
break-even point that shows the appropriate levels of sales for the
two products.
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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
$
102,000
$
51,000
$
153,000
Variable
expenses
31,600
6,650
38,250
Contribution
margin
$
70,400
$
44,350
114,750
Fixed
expenses
88,650
Net operating
income
$
26,100
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...
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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
$
100,000
$
50,000
$
150,000
Variable expenses
37,000
8,000
45,000
Contribution margin
$
63,000
$
42,000
105,000
Fixed expenses
78,540
Net operating income
$
26,460
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...
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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 $
100,000 $ 50,000 $ 150,000 Variable expenses 31,000 6,500 37,500
Contribution margin $ 69,000 $ 43,500 112,500 Fixed expenses 86,175
Net operating income $ 26,325 Required: 1. Compute the overall
contribution margin (CM) ratio for the company. 2. Compute the
overall break-even point for the company in dollar sales. (Do not...
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
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
$
98,000
$
49,000
$
147,000
Variable expenses
24,520
4,880
29,400
Contribution margin
$
73,480
$
44,120
117,600
Fixed expenses
91,680
Net operating income
$
25,920
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...
10, acct Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement...
10, acct
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
$
114,000
$
57,000
$
171,000
Variable expenses
28,360
5,840
34,200
Contribution margin
$
85,640
$
51,160
136,800
Fixed expenses
90,480
Net operating income
$
46,320
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?...
Lucido Products markets two computer games: Claimjumper andMakeover. A contribution format income statement for a...
Lucido Products markets two computer games: Claimjumper and
Makeover. A contribution format income statement for a recent month
for the two games appears below:ClaimjumperMakeoverTotalSales$116,000$58,000$174,000Variable expenses35,8007,70043,500Contribution margin$80,200$50,300130,500Fixed expenses88,425Net operating income$42,075Required: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.
Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent...
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
$
98,000
$
49,000
$
147,000
Variable expenses
24,520
4,880
29,400
Contribution margin
$
73,480
$
44,120
117,600
Fixed expenses
92,880
Net operating income
$
24,720
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...
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