Question
Ivanhoe, Inc. produces stereo speakers. The selling price per pair of speakers is $ 1,000. The variable cost of production is $ 210 and the
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. What is the Calculate expected profit. 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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