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20. Suppose your company sells its product for $147 each. The variable cost is $72 each and there is fixed costs of $26,000 per month.

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20. Suppose your company sells its product for $147 each. The variable cost is $72 each and there is fixed costs of $26,000 per month. The monthly sales quantity has a 17% chance of being 260 and an 83% chance of being 520. Please calculate the contribution margin and operating income/loss for each possible quantity. Quantity Quantity 520 260 Sales (VC) CM (FC) Operat. Inc. Extra Credit: Based on the information in Problem #20, calculate the "Expected quantity" to be sold. Hint: Expected quantity is the mean, which is weighted by the probability

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