Ivanhoe, Inc. produces stereo speakers. The selling price per pair of speakers is $1,000. The variable cost of production is $210 and the fixed cost per month is $50,086. For November, the company expects to sell 114 pairs of speakers.

Calculate expected profit.

Expected profit

$enter expected profit in dollars

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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		$enter break-even sales in dollars rounded to 0 decimal places
Expected sales		$enter expected sales in dollars rounded to 0 decimal places
Margin of safety		$enter margin of safety in dollars rounded to 0 decimal places

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