Maurice Tutor

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Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 27 Sep 2017 My Price 9.00

Lucido 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 $ 94,000    $ 47,000      $ 141,000   
  Variable expenses   23,560   4,640      28,200
             
  Contribution margin $ 70,440 $

42,360     

   112,800   
  Fixed expenses           92,640
             
  Net operating income         $ 20,160

CM RATIO: 80%

OVER-ALL BREAK EVEN POINT: $115,800

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. Round your answers to the nearest dollar amount.)

 
 
Lucido Products
Contribution Income Statement
  Claimjumper Makeover Total
Sales      
       

 

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Sep 2017 08:09 PM My Price 9.00

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