Gilbert's steel parts produces parts for the automobile industry. The company has a monthly fixed costs of $640,220 and a contribution margin of 85% of revenues.

Read the requirements: (below)

Requirement 1: (below)

1. Compute Gilbert's monthly breakeven sales in dollars. Use the contribution margin ratio approach. 2. Use contribution margin income statements to compute Gilbert's monthly operating income or operating loss if revenues are $500,000 and if they are $1,050,000. 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain. Requirement 1. Compute Gibert's monthly bakevens in dollars. Use the contribution marginator Blect the labels and enter the amount to calculate the breakpoint in dollars using the corbution are proach for any amount Round your awesome AtrevOM contribution margin)