Homework Answers
Required 1
(Fixed costs + Pretax income) / Contribution margin ratio = Total dollar sales
= ($252,000 + $380,400) / 0.62
= $1,020,000
Required 2
| Sales | $1,020,000 |
| Fixed costs | ($252,000) |
| Pretax income | ($380,400) |
| Variable costs | $387,600 |
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Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts...
Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts...
Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $255,000 and earn pretax income of $427.500 in the next period. Its expected contribution margin ratio is 65% 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....
Exercise 18-21 Predicting unit and dollar sales LO C2 Nombre Company management predicts $952,000 of variable...
Exercise 18-21 Predicting unit and dollar sales LO C2 Nombre Company management predicts $952,000 of variable costs, $1,099,000 of fixed costs, and a pretax income of $329,000 in the next period. Management also predicts that the contribution margin per unit will be $21. (1) Compute the total expected dollar sales for next period. Contribution margin Pretax income (2) Compute the number of units expected to be sold next period. Choose Numerator: 1 Choose Denominator: Units + Units 0
Bloom Company management predicts that it will incur fixed costs of $265,000 and earn pretax income...
Bloom Company management predicts that it will incur fixed costs of $265,000 and earn pretax income of $367,500 in the next period. Its expected contribution margin ratio is 55%. 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. Require Required 2 Compute the amount of total dollar sales. Choose Numerator:Choose Denominator:llTotal Doillar Sale Total dollar sales Required 2> Bloom Company management...
Bloom Company management predicts that it will incur fixed costs of $259,000 and earn pretax income...
Bloom Company management predicts that it will incur fixed costs of $259,000 and earn pretax income of $493,100 in the next period. Its expected contribution margin ratio is 69%. 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 7 Choose Denominator: Choose Numerator: = Total Dollar Sales Total...
i just need the fixed costs plus pretax income i solved everything else thank you Bloom...
i just need the fixed costs plus pretax income i solved
everything else thank you
Bloom Company management predicts that it will incur foued costs of $252.000 and earn pretax income of $380,400 in the next period. Its expected contribution margin ratio is 62% Required: Comote the amount of total dollar sales 2. Compute the amount of total variable costs. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. ured Required...
Bloom Company management predicts that it will incur fixed costs of $270,000 and earn pretax income...
Bloom Company management predicts that it will incur fixed costs of $270,000 and earn pretax income of $330,000 in the next period. Its expected contribution margin ratio is 50%. 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 1Required 2 Compute the amount of total variable costs Sales Fixed costs Pretax income Variable costs $1,200,000 270,000 330,000 600,000 KRequired 1...
Nombre Company management predicts $1,672,000 of variable costs, $2,255,000 of fixed costs, and a pretax income...
Nombre Company management predicts $1,672,000 of variable costs, $2,255,000 of fixed costs, and a pretax income of $253,000 in the next period. Management also predicts that the contribution margin per unit will be $57 (1) Compute the total expected dollar sales for next period. Contribution margin Pretax income (2) Compute the number of units expected to be sold next period. Choose Numerator: Choose Denominator Units Units Nombre Company management predicts $1.672,000 of variable costs, $2,255,000 of fixed costs, and a...
Nombre Company management predicts $720,000 of variable costs, $866,000 of fixed costs, and a pretax income...
Nombre Company management predicts $720,000 of variable costs, $866,000 of fixed costs, and a pretax income of $214,000 in the next period. Management also predicts that the contribution margin per unit will be $15. (1) Compute the total expected dollar sales for next period. Contribution margin Pretax income (2) Compute the number of units expected to be sold next period. Choose Numerator: Choose Denominator: - Units Units nces
Exercise 18-15 Computing variable and fixed costs LO C2 Harrison Co. expects to sell 260,000 units...
Exercise 18-15 Computing variable and fixed costs LO C2 Harrison Co. expects to sell 260,000 units of its product next year, which would generate total sales of $23,660,000. Management predicts that pretax net income for next year will be $1,310,000 and that the contribution margin per unit will be $19. Complete the below table to calculate the next year's total expected variable costs and fixed costs. HARRISON CO. Forecasted Contribution Margin Income Statement Units $ per unit 260,000 Contribution margin...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following Sales (14,000 units) Cost of goods sold $2,814,000 Direct materials Direct labor Production supplies Plant manager salary $322,000 616,000 378,000 122,000 1,438,000 Gross profit Selling expenses 1,376,000 Sales commissions Packaging 112,000 210,000 100,000422,000 Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent 172,000 142,000 112,000 122,000 548,000 $ 406,000 Income from operations Complete the following flexible budgets for...
Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $255,000 and earn pretax income of $427.500 in the next period. Its expected contribution margin ratio is 65% 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....
Exercise 18-21 Predicting unit and dollar sales LO C2 Nombre Company management predicts $952,000 of variable costs, $1,099,000 of fixed costs, and a pretax income of $329,000 in the next period. Management also predicts that the contribution margin per unit will be $21. (1) Compute the total expected dollar sales for next period. Contribution margin Pretax income (2) Compute the number of units expected to be sold next period. Choose Numerator: 1 Choose Denominator: Units + Units 0
Bloom Company management predicts that it will incur fixed costs of $265,000 and earn pretax income of $367,500 in the next period. Its expected contribution margin ratio is 55%. 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. Require Required 2 Compute the amount of total dollar sales. Choose Numerator:Choose Denominator:llTotal Doillar Sale Total dollar sales Required 2> Bloom Company management...
Bloom Company management predicts that it will incur fixed costs of $259,000 and earn pretax income of $493,100 in the next period. Its expected contribution margin ratio is 69%. 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 7 Choose Denominator: Choose Numerator: = Total Dollar Sales Total...
i just need the fixed costs plus pretax income i solved
everything else thank you
Bloom Company management predicts that it will incur foued costs of $252.000 and earn pretax income of $380,400 in the next period. Its expected contribution margin ratio is 62% Required: Comote the amount of total dollar sales 2. Compute the amount of total variable costs. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. ured Required...
Bloom Company management predicts that it will incur fixed costs of $270,000 and earn pretax income of $330,000 in the next period. Its expected contribution margin ratio is 50%. 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 1Required 2 Compute the amount of total variable costs Sales Fixed costs Pretax income Variable costs $1,200,000 270,000 330,000 600,000 KRequired 1...
Nombre Company management predicts $1,672,000 of variable costs, $2,255,000 of fixed costs, and a pretax income of $253,000 in the next period. Management also predicts that the contribution margin per unit will be $57 (1) Compute the total expected dollar sales for next period. Contribution margin Pretax income (2) Compute the number of units expected to be sold next period. Choose Numerator: Choose Denominator Units Units Nombre Company management predicts $1.672,000 of variable costs, $2,255,000 of fixed costs, and a...
Nombre Company management predicts $720,000 of variable costs, $866,000 of fixed costs, and a pretax income of $214,000 in the next period. Management also predicts that the contribution margin per unit will be $15. (1) Compute the total expected dollar sales for next period. Contribution margin Pretax income (2) Compute the number of units expected to be sold next period. Choose Numerator: Choose Denominator: - Units Units nces
Exercise 18-15 Computing variable and fixed costs LO C2 Harrison Co. expects to sell 260,000 units of its product next year, which would generate total sales of $23,660,000. Management predicts that pretax net income for next year will be $1,310,000 and that the contribution margin per unit will be $19. Complete the below table to calculate the next year's total expected variable costs and fixed costs. HARRISON CO. Forecasted Contribution Margin Income Statement Units $ per unit 260,000 Contribution margin...
Tempo Company's fixed budget (based on sales of 14,000 units) for the first quarter of calendar year 2017 reveals the following Sales (14,000 units) Cost of goods sold $2,814,000 Direct materials Direct labor Production supplies Plant manager salary $322,000 616,000 378,000 122,000 1,438,000 Gross profit Selling expenses 1,376,000 Sales commissions Packaging 112,000 210,000 100,000422,000 Advertising Administrative expenses Administrative salaries Depreciation-office equip. Insurance Office rent 172,000 142,000 112,000 122,000 548,000 $ 406,000 Income from operations Complete the following flexible budgets for...
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