Novak, Inc. produces stereo speakers. The selling price per pair of speakers is $1,000. The variable cost of production is $220and the fixed cost per month is $58,422. For November, the company expects to sell120pairs of speakers.

Calculate expected profit.

Expected profit$ __________

enter expected profit in dollars

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 ratioenter 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