Please provide answer in text (Without image) ookintPrint0erencesLucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recentmonth for the two games appears below:SalesVariable expensenContribution marginFixed expensesNet operating incomeClaimjumper$ 114,00042,040Makeover$ 57,0009,260$ 71,960 $ 47,740Total$ 171,00051,300119,70077,280$ 42,420Required: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 forthe two products.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 31What is the company's overall break-even point in dollar sales? (Do not round intermediate calculations.)Overall break-even point

Break even point :— It is the point of production where total cost is equal to total revenue. At…

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Sales Variable expenses Contribution margin Fixed expenses Claimjumper Makeover $ 114,000 42,040 $57,000 9,260 $ 71,960 $ 47,740 Total $ 171,000 51,300 119,700 77,280

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Sales Variable expenses Contribution margin Fixed expenses Claimjumper Makeover $ 114,000 42,040 $57,000 9,260 $ 71,960 $ 47,740 Total $ 171,000 51,300 119,700 77,280

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format incomestatement for a recent month for the two games appears below:Claimjumper Makeover TotalSales ............................................ $30,000 $70,000 $100,000Variable expenses ...................... 20,000 50,000 70,000Contribution margin ..................... $10,000 $20,000 30,000Fixed expenses .......................... 24,000Net operating income .................. $ 6,000Required:1. Compute the overall contribution margin (CM) ratio for the company.2. Compute the overall break-even point for the company in sales dollars.3. Verify the overall break-even point for the company by constructing a contribution format incomestatement showing the appropriate levels of sales for the two products.
PDF Advisory and Tax Services provides primarily two lines of service: Advisory and Tax. Advisory services represent 0.60 of its revenue and provide a contribution margin ratio of 0.30 Tax services represent 0.40 of its revenue and provide a 0.40 contribution margin ratio. The company’s fixed costs are $4,250,000. Required Compute the weighted average contribution margin ratio. Compute the total revenue required to break even. Calculate the revenue from each type of service that the company must achieve to break even.
Ivanhoe Trivia Co. manufactures and sells two trivia products, the Square Trivia Game and the Round Trivia Game. Last quarter’s operating profits, by product, and for the company as a whole, were as follows: Square Round Total Sales revenue $12,800 $6,670 $19,470 Variable expenses 4,980 2,930 7,910 Contribution margin 7,820 3,740 11,560 Fixed expenses 2,810 4,200 7,010 Operating income $ 5,010 $(460 ) $ 4,550 Forty percent of the Round Game’s fixed costs could have been avoided if the game had not been produced or sold.If the Round Game had been discontinued before the last quarter, what would operating income have been for the company as a whole? Operating income without round $ _______
JKL Inc. markets two computer games: Game 101 and Game 102. A contribution format income statement for a recent month for the two games appears below: 101 102Sales P30,000 P70,000Variable expenses. 20,000 50,000 Required:a. Compute the overall contribution margin (CM) ratio for the company. b. Compute the overall break-even point for the company in sales dollars if fixed cost is P15,000. c. Verify the overall break-even point for the company by constructing a contribution format income statement showing the appropriate levels of sales for the two products.
What is the joint cost allocated to product Tab if the company employs relative sales value method? P300,000P200,000P192,000P288,000
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 25,480 5,120 30,600 Contribution margin $ 76,520 $ 45,880 122,400 Fixed expenses 88,080 Net operating income $ 34,320 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? 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.
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 89,760 Net operating income $ 35,040 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. REQUIRED 1 Overall CM ratio % Required 2 Overall break-even point ....... Required 3 see doc attached.
Simeon, Inc. markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears on the following page: 1. Compute the overall contribution margin (CM) ratio for the company. 2. Compute the overall break-even point for the company in sales dollars. 3. Verify the overall break-even point for the company by constructing a contribution format income statement showing the appropriate levels of sales for the two products.
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A merchandising company has provided the following contribution format incomestatement:Sales (10,000 units) $ 700,000Variable expenses 350,000Contribution margin 350,000Fixed expenses 85,000Net operating income $ 265,000(a) What is the total contribution margin? (b) What is the unit contribution margin? Show your calculations. **Pls help me in clear soultion with accurate answer pls thanks
The controller for the Lillian Corporation created an Excel worksheet that included a profit calculation. The worksheet also contained a data table created using the What-if analysis tool to analyze the sales price, volume, and profit related to the graphics card the company manufactures. The worksheets are pictured next. Profit calculation 2 Sales price per unit $50 3 Less: Variable cost per unit $20 4 Contribution margin per unit $30 5 × Volume 700 6 Total contribution margin $21,000 7 Less: Fixed expenses $12,000 8 Operating income $9,000 9 10 Monthly target profit (minimum) $9,999 Data table 2 $9,000 $45 $50 $55 $60 $65 $70 3 900 $10,500 $15,000 $19,500 $24,000 $28,500 $33,000 4 850 $9,250 $13,500 $17,750 $22,000 $26,250 $30,500 5 800 $8,000 $12,000 $16,000 $20,000 $24,000 $28,000 6 750…