Question
In: Accounting
Diamond Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a...
Diamond 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 | 94,560 | ||||||||
| Net operating income | $ | 42,240 | |||||||
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 1 year 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
$
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...
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...
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...
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?...
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