Bloom Company management predicts that it will incur fixed costs of $267,000 and earn pretax income of $353,100 in the next period.Its expected contribution margin ratio is 53%.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 2Compute the amount of total variable costs.SalesFixed costsPretax incomeVariable costsRequired 2 >1 of 5 ⠀< Required 1< PrevNext >18F10F11F12Fn3:256/16/2Insert Bloom Company management predicts that it will incur fixed costs of $267,000 and earn pretax income of $353,100 in the next period.Its expected contribution margin ratio is 53%.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 2Compute the amount of total dollar sales.Dollar SalesChoose Numerator:/ Choose Denominator:=< Required 1F3F2F4F5F6PrevF7Total Dollar SalesTotal dollar salesRequired 2 >1 of 5F8Next >F918F10F11F12FnLock3:25 PM6/16/2022Insert

The problem the part of cvp analysisIn this the variable costs are those which change with…

Answered: Required: 1. Compute the amount of…

Business

Accounting

Required: 1. Compute the amount of total dollar sales. 2. Compute the amount of total variable costs.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Bloom Company management predicts that it will incur fixed costs of $267,000 and earn pretax income of $353,100 in the next period.
Its expected contribution margin ratio is 53%.
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 variable costs.
Sales
Fixed costs
Pretax income
Variable costs
Required 2 >
1 of 5 ⠀
< Required 1
< Prev
Next >
18
F10
F11
F12
Fn
3:25
6/16/2
Insert

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