Homework Answers
Answer of Part 1:
Total Dollar Sales = (Fixed Cost + Pretax Income) / Contribution
Margin Ratio
Total Dollar Sales = ($255,000 + $427,500) / 0.65
Total Dollar Sales = $682,500 / 0.65
Total Dollar Sales = $1,050,000
Add Answer to:
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 $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 $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...
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 18-21 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
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...
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...
Problem 18-1A Contribution margin income statement and contribution margin ratio LO A1 The following costs result...
Problem 18-1A Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 4,650 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum sets sell for $315 each. The company has a 30% income tax rate. $ 139,500 101.750 181,350 130,200 Variable production costs Plastic for casing Wages of assembly workers Drum Stands Variable selling costs Sales Comissions Fixed manufacturing costs Taxes on factory...
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...
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 18-14 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 $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...
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 18-21 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
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...
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...
Problem 18-1A Contribution margin income statement and contribution margin ratio LO A1 The following costs result from the production and sale of 4,650 drum sets manufactured by Tight Drums Company for the year ended December 31, 2019. The drum sets sell for $315 each. The company has a 30% income tax rate. $ 139,500 101.750 181,350 130,200 Variable production costs Plastic for casing Wages of assembly workers Drum Stands Variable selling costs Sales Comissions Fixed manufacturing costs Taxes on factory...
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...
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
Most questions answered within 3 hours.
-
•Describe the basic structure of collagen monomers •Explain how
amino acid composition of collagen contributes to...
asked 1 hour ago -
Compute the sample correlation coefficient
r for each of the following data sets.
(Use 3 decimal...
asked 2 hours ago -
5a. What are the advantages and disadvantages of Proxy ARP?
b. What is the TTL field...
asked 1 hour ago -
An ice cube (density = 900[kg/m3]) with a side length of
2.54[cm] is held by a...
asked 3 hours ago -
would you say that leaders in the international context are born
or made? That is, can...
asked 3 hours ago -
Instructions
Read the Digital Trends article "Solid state drives are speedier
than hard disk drives. Are...
asked 3 hours ago -
A multiple-choice test consists of 29 questions with possible
answers of a, b, c, d. Estimate...
asked 4 hours ago -
Question 1: Ethanol is the active ingredient of alcoholic
beverages. It is also s a possible...
asked 4 hours ago -
In the process of a simple distillation, the substances in the
still head tube are in...
asked 4 hours ago -
In a normal distribution with mean 3 and standard deviation of
7, what are the upper...
asked 4 hours ago -
A big block stone with mass M explodes and splits in two pieces
with mass 0.40M...
asked 4 hours ago -
Discuss the role of women in the late 19th century. In what ways
were the roles,...
asked 4 hours ago