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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. Answer is complete but not entirely correct. 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: Fixed costs plus after tax income X 252,000 X Total dollar sales Contribution margin ratio 62% 406,452 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the amount of total variable costs. Sales $ 632,400 X 252,000 Fixed costs Pretax income 380,400 Variable costs $ 1,020,000