Logan company and clayton company assign manufacturing overhead to work in process inventory using direct labor cost. the following information is available for the companies for the year: logan company clayton company actual direct labor cost $ 200,000 $ 112,500 estimated direct labor cost 187,500 125,000 actual manufacturing overhead cost 72,500 95,000 estimated manufacturing overhead cost 75,000 100,000 required compute the predetermined overhead rate for each company. determine the amount of overhead cost that would be applied to work in process inventory for each company. compute the amount of overapplied or underapplied manufacturing overhead cost for each company.

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.)