CH 6 Number 9

Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows: Required 1. Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 410 600 740 Total costs Variable Costs $63,960 Fixed Costs 138,990 Total Costs $ 202,950$ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00$ 0.00 S 0.00 2. Suppose Sandy Bank sells its canoes for $600 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. (i.e. .1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratico per Canoe