Chapter 6 Homework 7 1 points Skipped etlook Saved 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 790 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 $69,000 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. Hint Required 1 Required 2 Required 31 Required 4 Required S Print Complete the following table, (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 420 650 790 Total costs References Variable Costs Fixed Costs Total Costs $ 63,000 140,700 $ 203,700 $ 0 $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit S 0.00 $ 000 5 0.00 Required 2 > Chapter 6 Homework Saved 7 points Skipped 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 790 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 $69,000 profit this year. Calculate the number of canoes that must be sold to achieve this target Book References 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 $540 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. (.e. 1234 should be entered as 12.34%)) Unit Contribution Margin per Canoe Contribution Margin Ratio Chapter 6 Homework Seved 1 7 points Skipped eBook 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 790 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 $69.000 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. Hint Required 1 Required 2 Required 3 Required 4 Required 5 Print References This year Sandy Bank expects to sell 790 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 Income from Operations Chapter 6 Homework Saved 7 points Skipped 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 rat 3. This year Sandy Bank expects to sell 790 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 $69,000 profit this year. Calculate the number of canoes that must be sold to achieve this target eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 31 Required 41 Required 5 Print Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number.) Break-Even Units Canoes References Break Even Sales Revenue Chapter 6 Homework 7 points Shipped eBook 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 790 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 $69.000 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. Hint Required 1 Required 2 Required 3 Required 4 Required 5 Print Canoes Suppose Sandy Bank wants to earn $69,000 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 References < Required 4