Exercise 18-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $264,000 and earn pretax income of $374,400 in the next period. Its expected contribution margin ratio is 56%. 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 Choose Denominator: Total Dollar Sales Choose Numerator: Total dollar sales Required 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 $264,000 and earn pretax income of $374,400 in the nex period. Its expected contribution margin ratio is 56%. 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 variable costs. Sales Fixed costs Pretax income Variable costs