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.)
|
| 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 |
$ |
| 3. |
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 |
|
|
$ |
|