Griffin's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $630,000 and a contribution margin of 70% of revenues. Read the requirements. mis siis vi parv./ X Sales revenue Griffin's Steel Parts Operating Income Projection at Different Sales Levels Breakeven sales units Variable costs Breakeven sules units Operating income (loss) more help.

Griffin's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $630;000 and a contribution margin of 70% of revenues. Read the requirements. Griffin's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $630,000 and a contribution margin of 70% of revenues. Read the requirements. 1 Fixed expenses + Cperating income. ) Contribution margin ratio = Breakeven sales in dollars Compute Gnffir's Sseel Parts' monthly breakeven sales in dolars. (Round your answet up to the nearost whole number) The breakeven sales in dollars is Requirement 2. Use the contribution magin fatio to project operating income (or loss) if revenues are $540,000 and if they are $1,010,000. Fint, select the labels to calculate projected operating income. Then, calculate projocted income (or loss) if revenues are $S40,000. Finady, calculate projected inceme (or loss) if revern. are $1,010,000. (Enter the contrbution margin ratio ss a whole percent. Enter fosses wah a minus sign or parentheses.) Requirements 1. Computo Griffin's Stoet Parts' menthy breakeven sales in doltars 2. Use the controution margin rato to project operating income (cr loss) it revenves are $540,000 and if they are $1,010,000. 3. Do the results in Requireirent 2 make sense given the breakoven saies you computed in Requirement 12 Explain