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

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

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 Cost Analysis Bloom Company management predicts that it will incur fixed costs of $267,000 and earn a 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. #### Instructions: Complete this question by entering your answers in the tabs below. --- #### Tab: Required 1 and Required 2 --- ##### Compute the amount of total variable costs: | | | |-------------------------|----| | Sales | | | Fixed costs | | | Pretax income | | | Variable costs | | --- You can navigate through the problem using the provided tabs to input your computations. ##### Navigation Buttons: - **Required 1** - **Required 2** --- **Note:** This setup is designed to help users calculate and understand the financial requirements for Bloom Company in the specified period. Be sure to carry out the calculations using the provided data on fixed costs, pretax income, and the contribution margin ratio.
Transcribed Image Text:### Bloom Company Cost Analysis Bloom Company management predicts that it will incur fixed costs of $267,000 and earn a 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. #### Instructions: Complete this question by entering your answers in the tabs below. --- #### Tab: Required 1 and Required 2 --- ##### Compute the amount of total variable costs: | | | |-------------------------|----| | Sales | | | Fixed costs | | | Pretax income | | | Variable costs | | --- You can navigate through the problem using the provided tabs to input your computations. ##### Navigation Buttons: - **Required 1** - **Required 2** --- **Note:** This setup is designed to help users calculate and understand the financial requirements for Bloom Company in the specified period. Be sure to carry out the calculations using the provided data on fixed costs, pretax income, and the contribution margin ratio.
### Bloom Company Cost Prediction and Calculations 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. #### Instructions Complete this question by entering your answers in the tabs below. #### Required 1 **Compute the amount of total dollar sales.** The provided table appears as follows: | Dollar Sales | Choose Numerator | / | Choose Denominator | = | Total Dollar Sales | |----------------|-------------------|---|--------------------|---|----------------------| | Total dollar sales | | | | | Total dollar sales | (Note: The table's input fields are designed for computing the total dollar sales using the appropriate numerators and denominators representing financial metrics.) #### Required 2 After completing the first requirement, you will need to switch to "Required 2" in the tabs provided for the next set of calculations. (No further specific instructions or visible elements for Required 2 are shown in the provided image.) --- #### Explanation of Diagrams/Tables: In detail, the image shows a part of an educational website where students are expected to input calculations related to the financial predictions and performance metrics of Bloom Company. It includes: - A text box with company financial information. - Requirements in bullet points for sales and cost computations. - An interactive table for part of the calculation, likely connected to an online accounting or finance homework system. No additional graphs or diagrams beyond the table were depicted. The focus here is on inputting numerical values based on given financial data to compute sales and costs efficiently.
Transcribed Image Text:### Bloom Company Cost Prediction and Calculations 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. #### Instructions Complete this question by entering your answers in the tabs below. #### Required 1 **Compute the amount of total dollar sales.** The provided table appears as follows: | Dollar Sales | Choose Numerator | / | Choose Denominator | = | Total Dollar Sales | |----------------|-------------------|---|--------------------|---|----------------------| | Total dollar sales | | | | | Total dollar sales | (Note: The table's input fields are designed for computing the total dollar sales using the appropriate numerators and denominators representing financial metrics.) #### Required 2 After completing the first requirement, you will need to switch to "Required 2" in the tabs provided for the next set of calculations. (No further specific instructions or visible elements for Required 2 are shown in the provided image.) --- #### Explanation of Diagrams/Tables: In detail, the image shows a part of an educational website where students are expected to input calculations related to the financial predictions and performance metrics of Bloom Company. It includes: - A text box with company financial information. - Requirements in bullet points for sales and cost computations. - An interactive table for part of the calculation, likely connected to an online accounting or finance homework system. No additional graphs or diagrams beyond the table were depicted. The focus here is on inputting numerical values based on given financial data to compute sales and costs efficiently.
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