If the end of the fiscal year is not a payroll date, the Direct Labor account normally has: Select one: a. A zero balance, because the Direct Labor account is closed along with the other expense accounts. b. Either a debit or a credit balance, depending upon whether the end of the fiscal year falls before or after the end of the pay period. c. A debit balance, representing prepaid labor costs. d. A credit balance, representing accrued wages payable.

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 $ 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: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)