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50 Check my work 3.04.18 ped Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the
50 Check my work 3.04.18 ped 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 $540 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 $72,000 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. Dok Required 1 Required 2 Required 3 Required 4 Required 5 int int Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) onces Number of Canoes Produced and Sold 460 590 800 Total costs Variable Costs Fixed Costs Total Costs $ 71,760 152,720 $ 224,480 $ 0 $ 0 Cost per Unit Variable Cost per Unit Fixed Cost per Unit < Prev 7 of 10 Next >
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