Business, 18.02.2020 22:29, 1963038660
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 51,300Contribution margin $71,960 $47,740 119,700 Fixed expenses 78,750Net operating income $40,950Required: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.3. Complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. Predator Runway TotalContribution margin Variable expenses Fixed expenses Sales Net operating income (loss) $ $ $ Contribution margin Fixed expenses, Variable expenses, Sales, Net operating income (loss) Net operating income (loss), Fixed expenses, Contribution margin, Variable expenses, Sales $ $ Contribution margin, Sales, Fixed expenses, Net operating income (loss), Variable expenses Contribution margin, Variable expenses, Fixed expenses, Net operating income (loss), Sales $
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Lucky Products markets two computer games: Predator and Runway. A contribution format income stateme...
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