Gordon's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $640,000 and a contribution margin of 85% of revenues. Read the requirements The breakeven sales in dollars is $ 752,942 Requirement 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $560,000 and if they are $1,040,000. First, select the labels to calculate projected operating income. Then, calculate projected income (or loss) if revenues are $560,000. Finally, calculate projected income (or loss) if revenues are $1,040,000. (Enter the contribution margin ratio as a whole percent. Enter losses with a minus sign or parentheses.) Gordon's Steel Parts Operating Income Projection at Different Sales Levels X Requirements If revenues are $560.000 Sales revenue 560000 1. Compute Gordon's Steel Parts' monthly breakeven sales in dollars. 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $560,000 and if they are $1,040,000 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain. Contribution margin ratio Contribution margin Fixed costs % Operating income (loss) Print Done Help me solve this Video Get more help