Bloom Company management predicts that it will incur fixed costs of $160,000 and earn pretax income of $164,000 in the next period. Its expected contribution margin ratio is 25%.

Exercise 18-5 Predicting sales and variable costsusing contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $160,000 and earn pretax income of $164,000 in the next period. Its expected contribution margin ratio is 25% (1) Compute the amount of total dollar sales. Dollar sales Choose Numerator: Choose Denominator Total dollar sales Cost of goods sold Contribution margin ratio Total dollar sales (2) Compute the amount of total variable costs. Sales Fixed costs Pretax income Variable costs 10:01 AM 3/6/2017