Exercise 5-10 (Algo) Multiproduct Break-Even Analysis [LO5-9] 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 $ 112,000 $ 56,000 $ 168,000 Variable expenses 41,320 9,080 50,400 Contribution margin $ 70,680 $ 46,920 117,600 Fixed expenses 81,060 Net operating income $ 36,540 Required: 1. What is the overall contribution margin (CM) ratio for the company

Contribution margin ratio= 0.7

Explanation:

Giving the following information:

Total

Sales $168,000

Variable expenses 50,400

To calculate the contribution margin ratio, we need to use the following formula:

Contribution margin ratio= (sales - total variable cost) / sales

Contribution margin ratio= (168,000 - 50,400) / 168,000

Contribution margin ratio= 0.7

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George is always in a state where he feels like he’s being held back because of Lennie. George tries to include Lennie in his dreams, but he knows that he will never accomplish these dreams if Lennie stays with him. Also, Lennies childish behavior also gets George in trouble. Because George associates himself with Lennie, others rope Lennies actions in with his, even though George has no true control over Lennies actions.