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Novak, Inc. produces stereo speakers. The selling price per pair of speakers is $1,000. The variable cost of production is $220 and the fixed cost

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Novak, Inc. produces stereo speakers. The selling price per pair of speakers is $1,000. The variable cost of production is $220 and the fixed cost per month is $58,422. For November, the company expects to sell 120 pairs of speakers. Your answer is correct. Calculate expected profit. Expected profit 35178 e Textbook and Media Your answer is partially correct. 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 O decimal places, e.g. 5,275.) Contribution margin ratio 78 Break-even sales $ 74900 Expected sales $ 120000 Margin of safety $ 45100

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