Griff's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $610,000 and a contribution margin of 95% of sevenues Geffen els like he's in a giant squeeze play The automotive manufacturers are demanding lower prices, and the steel producers have increased raw material costs. Griffer's contribution margin has shrunk to 60% of revenues. The company's moth operating income, poor to these pressures, was $368,500 Read the rearments Requirement 1. To maintain the same lever proft, w Grit mund now achieve sales of Requrement 2. If monthly sales are $1,030,000, by h Fixed expenses can only be will have to save at least in onder per month prior profit level Requirements o deia) 1 To maintain his same level of profit, what sales volume (n sales revenue) mat Gan now achieve? 2. Gin beleves that his monthly sales revenue will only go as high as $1,000,000. He is thinking about moving operators owas to cuffed cols monthly sales are $1,030 000, by how much wil he need to cut fixed costs to maintain his prior profit level of $368.500 per mond Print Done