Seth takes a job with OC Tanner to hedge the gold the company will be using to make their recognition jewelry. He is looking at hedging 500 ounces of gold for December and finds the current December gold futures contract trading at $1,300 per ounce and that each contract consists of 100 ounces and that each contract has an initial margin of $5,000 with a maintenance margin of $3,500. He anticipates the basis being a negative $5 per ounce and handling and transportation costs from a futures exchange site being $3 per ounce. The tick size is $0.10.

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 $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 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.)