Question

Bloom Company management predicts that it will incur foued costs of $252.000 and earn pretax income of $380,400 in the next p

i just need the fixed costs plus pretax income i solved everything else thank you
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Contribution Margin = (Fixed cost + Pre-tax income) = $252,000 + $380,400

Contribution Margin = $632,400

So sales = Contribution Margin / Contribution Margin ratio

= $632,400 / 0.62

sales = $1,020,000

Variable cost = $1,020,000 - $632,400

Variable cost = $387,600

Add a comment
Know the answer?
Add Answer to:
i just need the fixed costs plus pretax income i solved everything else thank you Bloom...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 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...

  • 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 $252,000 and earn pretax income of $380,400 in the next period. Its expected contribution margin ratio is 62% 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. References Required 1 Required 2 Compute the amount of total dollar...

  • 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...

  • 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....

  • 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

  • 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...

  • Zhao Co. has fixed costs of $245,000. Its single product sells for $155 per unit, and...

    Zhao Co. has fixed costs of $245,000. Its single product sells for $155 per unit, and variable costs are $106 per unit. If the company expects sales of 10,000 units, compute its margin of safety in dollars and as a percent of expected sales. Dollars Percent Margin of safety % US-Mobile manufactures and sells two products, tablet computers and smartphones, in the ratio of 4:2. Fixed costs are $90,860, and the contribution margin per composite unit is $118. What number...

  • I just need estimated total cost can you tell me how to get it thank you....

    I just need estimated total cost can you tell me how to get it thank you. Exercise 18-6 Cost behavior estimation-scatter diagram and high-low LO P1 Felix & Co. reports the following information about its units produced and total costs. Units Produced Units Produced 2,020 2,420 2,820 3,220 3,620 Period 1 2 3 Total Costs $2,520 3,120 3,720 4,320 4,920 Period Total Costs $5,520 6,120 6,720 7,320 8,674 0 6 420 820 1,220 1,620 7 8 4 9 10 5...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT