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Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $510 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 $74,000 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 Required 2 Required 3 Required 4 Required 5 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 500 570 710 Total costs Variable Costs $ 71.500 Fixed Costs 161.000 161,000 161,000 Total Costs S 232,500 $ 161,000 $ 161.000 Cost per Unit Variable Cost per Unit 5 143.00 $ 143.00 $ 143.00 Fixed Cost per Unit Total Cost per Unit $ 143.00 $ 143.00 $ 143.00 Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank sells its canoes for $510 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round your "percentage" answer to 2 decimal places. (l.c. 1234 should be entered as 12.34%)) Unit Contribution Margin Contribution Margin Ratio por Cance Required 1 Required 2 Requires 3 Required 4 Required 5 This year Sandy Bank expects to sell 830 canoes. Prepare a contribution margin income statement for the company. (Round your intermediate calculations to 2 decimal places.) SANDY BANK, Inc. Contribution Margin income Statement For the Current Year Contribution Margin Required 1 Required 2 Required 3 Reqired 4 Required 5 Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number.) Break Even Units Canoos Break-Even Sales Revenue Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank wants to earn $ 74,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next whole number) Target Sales Units Canoes