Score: 0.5 of 1 pt 4 of 7 (A complete) E7-26A (similar to) Gordon's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $650,000 and a contribution are demanding lower prices, and the steel producers have increased raw material costs. Gordon's contribution margin has shrunk to 75% o Read the requirements. Requirement 1. To maintain this same level of profit, what sales volume (in sales revenue) must Gordon now achieve? Begin by identifying the formula to compute the sales in units at various levels of operating income using the contribution margin approach Fixed expenses Operating income Contribution margin ratio Target sales in dollars (Round your answer up to the nearest whole dollar.) Gordon must now achieve sales of $ 13427 to maintain the same level of profit Enter any number in the edit fields and then click Check Answer part remaining C All esc ES # 1 & 2 3 4 6 7 Q W E R T Y A S LO Question Help 850,000 and a contribution margin of 95 % of revenues. Gordon feels like he's in a giant squeeze play: The automotive manufacturers nargin has shrunk to 75 % of revenues. The company's monthly operating income, prior to these pressures, was $357,000 achieve? ontribution margin approach get sales in dolars Check Answer Clear All MacBook Pro E10 F12 & ) 7 8 9 delete U O P +II