Jule. UUIU PIS () hW Slule. U70, U UI 12 pts O E7-25A (similar to) Question Help Griffin's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $650,000 and a contribution margin of 85% of revenues. Read the requirements. Requirement 1. Compute Griffin's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. 1 = Breakeven sales in dollars i 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 $530,000 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