Complete the contribution format income statement


 

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

$

120,000   

$

60,000     

$

180,000   

  Variable expenses

 

44,200

 

9,800   

 

54,000

 

 

 

 

 

 

 

  Contribution margin

$

75,800

$

50,200     

 

126,000   

  Fixed expenses

 

 

 

 

 

80,430

 

 

 

 

 

 

 

  Net operating income

 

 

 

 

$

45,570

 

 

 

 

 

 

 

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. Round your final answers to the nearest dollar amount.)

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Financial Accounting: Complete the contribution format income statement
Reference No:- TGS01215434

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