Question Help Gordon's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $670,000 and a contribution margin of 95% of revenues. Gordon feels like he's in a giant squeeze play: The automotive manufacturers are demanding lower prices, and the steel producers have increased raw material costs. Gordon's contribution margin has shrunk to 75% of revenues. The company's monthly operating income, prior to these pressures, was $327,500 Read the requirements Requirement 1. To maintain this sa * Requirements Begin by identifying the formula to proach 1. To maintain this same level of profit, what sales volume (in sales revenue) must Gordon now achieve? 2.Gordon believes that his monthly sales revenue will only go as high as Choose from any drop-down list ar $1,050,000. He is thinking about moving operations overseas to cut fixed costs 1 monthly sales are $1,050,000, by how much will he need to cut fixed costs to maintain his prior profit level of $327,500 per month? Check Answer remaining 2 Darts