1. Compute William's Steel Parts' monthly breakeven sales in dollars. 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $520,000 and if they are $1,020,000. 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain. William's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $640,000 and a contribution margin of 90% of revenues. Read the fequirements Requirement 1. Compute William's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. = Breakeven sales in dollars