roberts Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of and a contribution margin of of revenues. Read the requirementsLOADING.... Requirement 1. Compute Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. ( + ) = Breakeven sales in dollars

Robert's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $720,000 and a contribution margin of 90% of revenues. Read the requirements. Requirement 1. Compute Robert's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. ( ) + = Breakeven sales in dollars Requirements 1. Compute Robert'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