Question: Exercise 5-5 Predicting sales and variable costs Using contribution margin 02 Bloom Company management predicts that it will incur fixed costs of $160,000 and eam

Exercise 5-5 Predicting sales and variable costs Using contribution margin 02 Bloom Company management predicts that it will incur fixed costs of $160,000 and eam pretax income $164,000 in the next period. Its expected contribution margin ratio is 25%. Use this information to compute the amounts of (1) total dollar sales and (2) total variable costs

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