Shwart's Steel Parts produces parts for the automobile industry. The company has monthly Sed expenses of $520.000 and a contribution margin of 90% of revenues Stewart 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 as contribution marginhas shrunk to 60% of revenues The company's monthly operating income prior to these pressures, was $298.000 Read the con Requirement 1. To maktan the same level of profit whet sales volume in sales revenue) must Stewart now achieve? (Round your answer to be the nearest whole dollar) Stewarm to achieve sales of to maintain the same level of profit Requirement 2. If monthly are 51.920,000, by how much will he need to cut fixed costs to maintain his prior profit bevel of $298.000 per month? Fred expenses can only be in order to maintain the prior pro level of $298.00 per month Therefore Stewart will have to save at least per month in food cours by moving operatione verso it he plans to maintain his prilor profit level