FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

Please help me with show all calculation thanku 

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 >
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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 >
expand button
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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Step 1: Introduce to Contribution Margin Ratio and net income
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Step 2: Working for fixed cost plus pretax income
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