Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bloom Company management predicts that it will incur fixed costs of $258,000 and earn pretax income of $476,400 in the next period. Its expected contribution

image text in transcribedimage text in transcribed

Bloom Company management predicts that it will incur fixed costs of $258,000 and earn pretax income of $476,400 in the next period. Its expected contribution margin ratio is 68%. Required: 1. Compute the amount of total dollar sales. 2. Compute the amount of total variable costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of total dollar sales. Dollar Sales 1 Choose Denominator: Choose Numerator: = Total Dollar Sales Total dollar sales - Required 1 Required 2 Compute the amount of total variable costs. Sales Fixed costs Pretax income Variable costs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linguistic Auditing

Authors: Nigel Reeves, Colin Wright

1st Edition

ISBN: 1853593281, 978-1853593284

More Books

Students also viewed these Accounting questions

Question

manageremployee relationship deteriorating over time;

Answered: 1 week ago