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Bloom Company predicts it will incur fixed costs of $160,000 and earn income of $164,000 in the next period. Its expected contribution margin ratio is 25%. 1. Compute the amount of expected total dollar sales. 2. Compute the amount of expected total variable costs. Complete this question by entering your answers in the tabs below.

Bloom Company predicts it will incur fixed costs of $160,000 and earn income of $164,000 in the next period. Its expected contribution margin ratio is 25%. 1. Compute the amount of expected total dollar sales. 2. Compute the amount of expected total variable costs. Complete this question by entering your answers in the tabs below.

FINANCIAL ACCOUNTING
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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Bloom Company predicts it will incur fixed costs of $160,000 and earn income of $164,000 in the next period. Its expected contribution margin ratio is 25%. 1. Compute the amount of expected total dollar sales. 2. Compute the amount of expected total variable costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of expected total variable costs. Sales Fixed costs Income Variable costs < Required 1 Required 2 >
Transcribed Image Text:Bloom Company predicts it will incur fixed costs of $160,000 and earn income of $164,000 in the next period. Its expected contribution margin ratio is 25%. 1. Compute the amount of expected total dollar sales. 2. Compute the amount of expected total variable costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of expected total variable costs. Sales Fixed costs Income Variable costs < Required 1 Required 2 >
s Bloom Company predicts it will incur fixed costs of $160,000 and earn income of $164,000 in the next period. Its expected contribution margin ratio is 25%. 1. Compute the amount of expected total dollar sales. 2. Compute the amount of expected total variable costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of expected total dollar sales. Numerator: Dollar sales Denominator: Required t Total Dollar Sales Total dollar sales Required 2 >
Transcribed Image Text:s Bloom Company predicts it will incur fixed costs of $160,000 and earn income of $164,000 in the next period. Its expected contribution margin ratio is 25%. 1. Compute the amount of expected total dollar sales. 2. Compute the amount of expected total variable costs. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of expected total dollar sales. Numerator: Dollar sales Denominator: Required t Total Dollar Sales Total dollar sales Required 2 >
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