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Teal, Inc. produces stereo speakers. The selling price per pair of speakers is $1,000. The variable cost of production is $270 and the fixed cost

Teal, Inc. produces stereo speakers. The selling price per pair of speakers is $1,000. The variable cost of production is $270 and the fixed cost per month is $47,085. For November, the company expects to sell 130 pairs 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 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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