Exercise 5-14 Predicting sales and variable costs using contribution margin LO C2 Bloom Company management predicts that it will incur fixed costs of $268,000 and earn pretax income of $345,600 in the next period. Its expected contribution margin ratio is 52%. 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 7 Choose Denominator: Choose Numerator: = Total Dollar Sales Total dollar sales Required 1 Required 2 Compute the amount of total variable costs. Sales Fixed costs Pretax income Variable costs