please answer within 30 mins. Swwart's Steel Parts produces parts for the automobile industry. The company has monthly Eed expenses of S620,000 and a contribution margin of 90% of revenoes Stewart feels like he's in a giant squeeze play. Theautomotive manufacturers are demanding lower prices, and the steel producers have increased raw material costs Stewarfs contribution margin has shrunk to 60% of revenues. The company's monthly operating income, prior tothese pressures, was $298.000.Read the menRequirement 1. To maintain this same level of profi what sales volume (in sales revenue) must Stewart now achieve? (Round your answer up to the nearest whole dollar)Stewart must now achieve sales ofto maintain the same level of protRequirement 2. If monthly sales are 51.020.000, by how much wil he need to cut fired costs to maintain his prior proft level of S298,000 per month?Inorder to maintain the prior proft level of 1298.000 per month Therafore, Stewartper month in fieed costs by moving oparations overseas it he plans to maintain hiaFluod expenses can orly bewil have to save at leastprior profit level

1) Target Sales= (Fixed Expenses + Operating Income)/Contribution Ratio = (620000+298000)/60%…

proft what sales volume (in sales revenue) must Stewart now achieve? (Round your answer up te the nearest whole dollar Jomainta the same level of pro 0. by how much wil he need to cut feed costs to maintain hi prier proft lvel of S20.000 per month? order to maintain the prier pro level of 29.000 per month Therefore, Stewart month in fed cost by moving nparations everseasthe plans to maintain his