Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $262,000

image text in transcribedimage text in transcribed

Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $262,000 and earn pretax income of $387,600 in the next period. Its expected contribution margin ratio is 58%. 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. Choose Numerator: Dollar Sales Choose Denominator: Total Dollar Sales Total dollar sales Required 2 >

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

Fundamental Accounting Principles

Authors: John Wild, Ken Shaw, Barbara Chiappetta

22nd edition

9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275

More Books

Students also viewed these Accounting questions

Question

How do sex and gender differ?

Answered: 1 week ago

Question

What is the purpose of the journal wizard?

Answered: 1 week ago

Question

1. Define types of employment tests.

Answered: 1 week ago

Question

1. Identify the steps in the selection process.

Answered: 1 week ago