Grillin's Sleel Parts produces parts for the automobile Industry. The company has monthly foxed expenses of $650,000 and a contribution margin of 90% of revenues Read the requirements VE Breakeven sales in dollar Compute Griffin's Steel Parts monthly breakeven sales in dollars. (Round your answer up to the nearest whole number The breakevan sales in dollars is Requirement 2. Use the contribution margin ratio to project operating income (or loss) it revenues are $540,000 and if they are $1,040.000 First, select the labels to calculate projected operating income. Then, calculate projected income for loss) it revenues are $540,000. Finally, calculate projected income (of 108) revenues are $1,040.000. (Enter the contribution margin ratio as a whole percent Enter losses with a minus sign or parentheses) Griffin's Steel Parts Operating Income Projection at Different Sales Levels If revenues If revenues ore $540 000 are 51040.000 Operating income (os) Requirements 1. Compute Griffin's Steel Parts' monthly breakeven sales in dollars. 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $540,000 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. Print Done Requirement 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain. Since $540,000 is the breakeven point, it Since $1.040,000 is the breakeven point, it