00 Check my work e contribution margin ratio. This year Sandy Bank expects to sell 830 canoes. Prepare a contribution margin income statement for e company Calculate Sandy Bank's break-even point in units and in sales dollars. Suppose Sandy Bank wants to earn $75,000 profit this year. Calculate the number of canoes that must sold to achieve this target. ints Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Required 4 Required 5 Hint Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) 420 590 710 References lumber of Canoes Produced and Sold otal costs Variable Costs Fixed Costs $ 67,200 137,340 204,540 otal Costs $ fost per Unit Variable Cost per Unit Fixed Cost per Unit otal Cost per Unit K Required 1 Required 2 > Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $570 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 830 canoes. Prepare a contribution margin income statement for the company 4. Calculate Sandy Bank's break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $75,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank sells its canoes for $570 each. Calculate the contribution margin per canoe and the contri ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round your "percentage" ar decimal places. (i.e. 1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio per Canon % Check my work 3. This year Sandy Bank expects to sell 830 canoes. Prepare a contribution margin income statement for the company 4. Calculate Sandy Bank's break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $75,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 830 canoes. Prepare a contribution margin income statement for the com your intermediate calculations to 2 decimal places.) 3 nces SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribution Margin Income from Operations Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $570 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 830 canoes. Prepare a contribution margin income statement for the company 4. Calculate Sandy Bank's break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $75,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Complete this question by entering your answers in the tabs below. es Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whol Canoes Break-Even Units Break-Even Sales Revenue Check my work Identifying Break-Even Point, Target Profit (LO 6-1, 6-2] Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $570 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 830 canoes. Prepare a contribution margin income statement for the company 4. Calculate Sandy Bank's break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $75,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. ok Complete this question by entering your answers in the tabs below. rences Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank wants to earn $75,000 profit this year. Calculate the number of canoes that must be sold target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next whole number.) Target Sales Units Canoes