Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $260,000 and earn pretax income of $510,000 in the next period. Its expected contribution margin ratio is 70%. 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 doilar sales, Dollar Sales Choose Numerator: Choose Denominator: Total Dollar Sales Total dollar sales Required 2 > Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $260,000 and eam pretax income of $510,000 in the next period. Its expected contribution margin ratio is 70%. 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: Requirid 2 5 Compute the amount of total variable costs. Sales Food costs Pretax income Variable costs