Gary's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of 5660,000 and a contribution margin of 70% of revenues Requirements 1. Compute Gary's Steel Parts' monthly break-even sales in dollars. Use the contribution margin ratio shortcut approach. 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $760,000 and if they are $1,500,000 3. Do the results in Requirement 2 make sense given the break-even sales you computed in Requirement 1? Explain. + Requirement 1. Compute Gary's Steel Parts' monthly break-even sales in dollars. Use the contribution margin ratio shortcut approach Begin by identifying the formula Break-even sales in dollars break-even sales in dollars. (Round your answer up to the nearest dollar.) Contribution margin per unit Th Contribution margin ratio . Re Fixed expenses margin ratio to project operating income (or loss) if revenues are 5760.000 and if they are $1,500,000 Operating income ction by first selecting the labels. Then project operating income (or loss) if revenues are $760,000. In the next step, complete the operat Units sold (Ei parentheses.) Variable expenses We Neel Darte Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search OBI S Gary's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of 5660,000 and a contribution margin of 70% of revenues. Requirements 1. Compute Gary's Steel Parts' monthly break-even sales in dollars. Use the contribution margin ratio shortcut approach 2. Use the contribution margin ratio to projed operating income (or loss) if revenues are $760,000 and if they are $1,500,000 3. Do the results in Requirement 2 make sense given the break even sales you computed in Requirement 1? Explain Compute Gary's Steel Parts' monthly break even sales in dollars (Round your answer up to the nearest dollar.) The break even sales in dollars is $ Requirement 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $760,000 and if they are $1,500,000 Complete the operating income projection by first selecting the labels. Then, project operating income (or loss) if revenues are $760,000. In the next step, complete the operating income projection for revenues at $1,500,000 (Enter losses with a minus sign or parentheses.) v Gary's Steel Parts Operating Income Projection at Different Sales Levels Choose from any list or enter any number in the input fields and then continue to the next question Save for Later AGA ENG 6:59 PM 2020-07-26 Type here to search o Gary's Steel Parts Operating Income Projection at Different Sales Levels Break-even sales units Contribution margin Contribution margin per unit Contribution margin ratio Fixed expenses Require Sales revenue Variable expenses Choose nent 2 make sense given the break-even sales you computed in Requirement 17 r in the input fields and then continue to the next question Save for later Type here to search Gary's Steel Parts Operating Income Projection at Different Sales Levels Operating income (loss) Requirement 3. Do the results in Requirement 2 make sense given the break-even sales you computed in Requiremer Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search o i 3. Do the results in Requirement 2 make sense given the break-even sales you computed in Requirement 1? Explain. at Different Sales Levels Operating income (loss) Requirement 3. Do the results in Requirement 2 make sense given the break-even sales you computed in Requirement 1? Explain. Since $760,000 is the break-even point, it Since $1,500,000 is the break-even point, it Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search OBRA s Operating income (loss) Requirement 3. Do the results in Requirement 2 make sense given the break-even sales you computed in Requirement Since $760,000 is the break-even point, it Since $1,500,000 is the break-even point, i does not make sense that there is an operating loss Choose from any list or enter any number in the makes sense that there is an operating loss Save for Later Type here to search O w Operating income (loss) Requirement 3. Do the results in Requirement 2 make sense given the break-even sales you computed in Requirement 1? Expla Since $760,000 is the break-even point, it Since $1,500,000 is the break-even point, it Choose from any list above umber in the input fields and then continue to the next question. A below Save For Later Type here to search O BI w F