Question
Blossom, Inc. produces stereo speakers. The selling price per pair of speakers is $1,000. The variable cost of production is $330and the fixed cost per
Blossom, Inc. produces stereo speakers. The selling price per pair of speakers is $1,000. The variable cost of production is $330and the fixed cost per month is $51,523. For November, the company expects to sell123pairs of speakers.
Calculate expected profit.
Expected profit $ Answer
Calculate the contribution margin ratio, Break-even sales, Expected sales and margin of safety in dollars.(Round contribution margin ratio and intermediate calculations to 2 decimal places, e.g. 15.25 and all other answers to 0 decimal places, e.g. 5,275.)
Contribution margin ratio enter contribution margin ratio rounded to 2 decimal places
Break-even sales
$Anwer
Expected sales
$Answer
enter expected sales in dollars rounded to 0 decimal places
Margin of safety
$Answer
enter margin of safety in dollars rounded to 0 decimal places
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