Grover's steel parts for the automobile industry. The company has monthly fixed costs of 689,500 and a contribution margin of 70% of revenues.

Goods Steel Patrod puts for the stomobile industry the company has many costs 89.500 and continuo an af Tox of revenues Beatre Fement. Comte Orves the commagine proach led the themes are continuing the company and Round you to be coton Paquet How manicomedero comer 100.000 1.000.000 Bun vento e con income tant Themengore on when 500,000 Then in the necroportin e ritten 1.000.000 Gants CS www. SOLIN DO www Gm Patrules on the womey The companhamento e costs of 369,600 and contribution margin of most Read the GM Boonweals for the common in income statement Then enter the mounts and cute petang income or ons when revenues are 5500,000Then in the neste calculate operating to or na 51.000.000 Grove's Steel Parts Con Mancome Re 500.000 Row + 1,000,000 pengine Regem. Regurement meteen you computer Them minem Gheo slobortion and Chroom with the sun Requirements - 1. Compute Grover's monthly breakeven sales in dollars. Use the contribution margin ratio approach. 2. Use contribution margin income statements to compute Grover's monthly operating income or operating loss if revenues are $500,000 and if they are $1,000,000 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain. Print Done Grover's Steel Parts Contribution Margin Income Statement Revenues are Reve 500,000 $ 1,0 Contribution Margin Cost of Goods Sold Fixed Costs Gross Profit I Sales Revenue nent 2 make sense Selling and Administrative Expenses make sense given th Variable Costs it is logical that sale and sales below the breakeven p 1- Upeldung Requirement 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirem The results in Requirement 2 do make sense given the breakeven sales computed in Requirement 1 Given the breakeven point of it is logical that sales above the breakeven point will result in and sales below the breakeven point will result in any number in the input fields and then continue to the next question. a net operating income, a net operating loss