7, 18, 19, 20, 21... Question 28 This Test: 100 pts - he company has monthly fixed costs of $610,750 and a contribution margin of 70% of revenues. Requirements 1. Compute Griffin's monthly breakeven sales in dollars. Use the contribution margin ratio approach. 2. Use contribution margin income statements to compute Griffin's monthly operating income or operating loss if revenues are $510,000 and if they are $1,000,000 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain. Print Done hebreakevert sales compute Requirement 1. Requirement 1. Computer's monthly breakeven sales in dollars. Use the contribution margin ratio approach Select the labels and enter the amounts to calculate the breakeven point in dollars using the contribution marginapproach. (Entera o for any zero amounts. Round your answer to the nearest doilar. Abbreviation used CM contribution margin = Required sales in dollars Requirement 2. Use contribution margin income statements to compute Grifin's monthly operating income or operating loss if revenues are $510,000 and if they are $1,000,000 Begin hy selecting the labels for the contrbution magn income statement. Then enter the amounts and Caicutate operating income or toes when revenues are $510,000. Then in the next step, calculate operating income or loss when revenues are $1.000.000. (Use a minus sign or parentheses for a los Griff's Steel Parts Contribution Margin Income Statement Revenues are Revenues are $ 510,000 $ 1.000.000 Requirement 2. Use contribution margin income statements to compute Griffey's monthly operating income or operating loss if revenues are $50.000 and if they are $1,000,000 Begin by selecting the labels for the contribuson margin income statertent. Then enter the amounts and calculate operating income or loss when revenues are $10,000. Then in the next step, calculate operating income or loss when revenues are $1,000,000 (Use ainus signor parentheses for Griffin's Steel Parts Contribution Margin Income Statement Revenues are Revenues are $ 510,000 $1,000,000 Operating Income (L) Requirement 3. Do the results in Requrement 2 make sense given the break even sales you computed in Requirement 1? Explain The results in Requirement 2 make sense given the breakeven sales computed in Requirement Given the breakeven point of is logical that sales above the breakeven point out in and sales below the breakeven point will result in 7, 18, 19, 20, 21... Question 28 This Test: 100 pts - he company has monthly fixed costs of $610,750 and a contribution margin of 70% of revenues. Requirements 1. Compute Griffin's monthly breakeven sales in dollars. Use the contribution margin ratio approach. 2. Use contribution margin income statements to compute Griffin's monthly operating income or operating loss if revenues are $510,000 and if they are $1,000,000 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain. Print Done hebreakevert sales compute Requirement 1. Requirement 1. Computer's monthly breakeven sales in dollars. Use the contribution margin ratio approach Select the labels and enter the amounts to calculate the breakeven point in dollars using the contribution marginapproach. (Entera o for any zero amounts. Round your answer to the nearest doilar. Abbreviation used CM contribution margin = Required sales in dollars Requirement 2. Use contribution margin income statements to compute Grifin's monthly operating income or operating loss if revenues are $510,000 and if they are $1,000,000 Begin hy selecting the labels for the contrbution magn income statement. Then enter the amounts and Caicutate operating income or toes when revenues are $510,000. Then in the next step, calculate operating income or loss when revenues are $1.000.000. (Use a minus sign or parentheses for a los Griff's Steel Parts Contribution Margin Income Statement Revenues are Revenues are $ 510,000 $ 1.000.000 Requirement 2. Use contribution margin income statements to compute Griffey's monthly operating income or operating loss if revenues are $50.000 and if they are $1,000,000 Begin by selecting the labels for the contribuson margin income statertent. Then enter the amounts and calculate operating income or loss when revenues are $10,000. Then in the next step, calculate operating income or loss when revenues are $1,000,000 (Use ainus signor parentheses for Griffin's Steel Parts Contribution Margin Income Statement Revenues are Revenues are $ 510,000 $1,000,000 Operating Income (L) Requirement 3. Do the results in Requrement 2 make sense given the break even sales you computed in Requirement 1? Explain The results in Requirement 2 make sense given the breakeven sales computed in Requirement Given the breakeven point of is logical that sales above the breakeven point out in and sales below the breakeven point will result in
