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Grover's Steel Parts produces parts for the automobile industry. The company has monthly foxed expenses...

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Accounting

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Grover's Steel Parts produces parts for the automobile industry. The company has monthly foxed expenses of $650,000 and a contribution margin of 70% of revenues Read the requirements 0 Requirements Requirement 1. Compute Grover's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula ( Fixed expenses Operating income Contribution margin ratio - Breakeven sales Compute Grover's Steel Parts monthly breakeven sales in dollars. (Round your answer up to the nearest whole number) The breakeven sales in dollars is $ 928571 1. Compute Grover's Steel Parts' monthly breakeven sales in dollars. 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $560,000 and if they are $1.020,000 3. Do the results in Requirement 2 make sense given the breakeven sales computed in Requirement 1? Explain Print Done a contribution margin of 70% of revenues. Requirements 1. Compute Grover's Steel Parts' monthly breakeven sales in dollars. 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $560,000 and if they are $1,020,000. 3. Do the results in Requirement 2 make sense given the breakeven sales you computed in Requirement 1? Explain. Print Done

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