Graham's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $620,000 and a contribution margin of 90% of revenues. Read the requirements. Requirement 1. Compute Graham's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. D + D = Breakeven sales in dollars Compute Graham's Steel Parts' monthly breakeven sales in dollars. (Round your answer up to the nearest whole number.) The breakeven sales in dollars is $ . Requirement 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $520,000 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 $520,000. 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.) Graham's Steel Parts Operating Income Projection at Different Sales Levels If revenues are $520,000 If revenues are $1,040,000 Choose from any list or enter any number in the input fields and then continue to the next question. Graham's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $620,000 and a contribution margin of 90% of revenues. Read the requirements. Requirement 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $520,000 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 $520,000. 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.) Graham's Steel Parts Operating Income Projection at Different Sales Levels If revenues are $520,000 If revenues are $1,040,000 Operating income (loss) Requirement 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain. Since $520,000 is Since $1,040,000 is the breakeven point, it the breakeven point, it | Choose from any list or enter any number in the input fields and then continue to the next