Grover's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $670,000 and a contribution margin of 75% of revenues. Read the requirements. Requirement 1. Compute Grover's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. Breakeven sales in dollars f Requirements 1. Compute Grover's Steel Parts' monthly breakeven sales in dollars. 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $550,000 and if they are $1,050,000. 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain. Print Done