please answer do not image . Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recentmonth for the two games appears below:SalesVariable expensesContribution marginFixed expensesNet operating incomeClaimjumper$ 96,00035,560Makeover$ 48,0007,640$ 60,440 $ 40,360Total$ 144,00043,200100,80080,850$ 19,950 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 3Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of salesfor the two products. (Do not round intermediate calculations. Round your answers to the nearest dollar amount.)SalesVariable expensesContribution marginLucido ProductsContribution Income StatementFixed expensesNet operating income (loss)Answer is complete but not entirely correct.3333Claimjumper Makeover✓ $✓$77,000 $48,510 X28,390 X $38,500 $32,340 X6,160 xTotal115,500✔80,850 x34,550 x80,850✔0✔

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 Net operating income Claimjumper $ 96,000 35,560 Makeover $ 48,000 7,640 $ 60,440 $ 40,360 Total $ 144,000 43,200 100,800 80,850 $ 19,950

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 Net operating income Claimjumper $ 96,000 35,560 Makeover $ 48,000 7,640 $ 60,440 $ 40,360 Total $ 144,000 43,200 100,800 80,850 $ 19,950

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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