Graham's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $650,000and a contribution margin of85% of revenues

Requirement 2. Use the contribution margin ratio to project operating income (or loss) IT revenues are $500, 000 and If they are $1,020,000. First, select the labels to calculate projected operating income. Then, calculate projected income (or loss) if revenues are $500,000. Finally, calculate projected income (or loss) if revenues are $1,020,000. (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 Sales revenue X Variable costs Variable costs Fixed costs Onerating income (loss)u Graham's Steel Part5 Operating Income Projection at Different Sales Levels Ii revenues are $500,000 Sales revenue 1 Contribution margin ratio 9,0 1 Contribution margin :| Fixed costs Operating income (loss) Requirement 1. Compute Graham's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. Breakeven sales in Fixed expenses + Operating income Contribution margin ratio 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 $ 764,706