Bloom Company management predicts that it will incur fixed costs of $252,000 and earn pretax...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Bloom Company management predicts that it will incur fixed costs of $252,000 and earn pretax income of $380,400 in the next period. Its expected contribution margin ratio is 62%. 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 Required 2 Compute the amount of total dollar sales Choose Numerator: Choose Denominator:Total Dollar Sales Total dollar sales Required1 Required 2> Accounts receivable Contribution margin ratio Cost of goods sold Direct material costs Bloom Company management predicts that it will incur fixed costs of $252,000 and earn pretax income of $380,400 in the next period. Its expected contribution margin ratio is 62%. 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 Choose Numerator: , Choose Denominator: Total Dollar Sales = | Total dollar sales Accounts receivable Contribution margin ratio Cost of goods sold Direct material costs
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
