Complete the following table.

Suppose Sandy Bank sells its canoes for $$550$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

This year Sandy Bank expects to sell $780$ canoes for $$550$ each. Prepare a contribution margin income statement for the company.

Calculate Sandy Bank's break$-$even point in units and in sales dollars. Sandy Bank sells its canoes for $$550$ each.

Suppose Sandy Bank wants to earn $$68,000$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $$550$ each.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $3$

Required $4$

Required $5$

Complete the following table.

Note: Round your "Cost per Unit" answers to $2$ decimal places.

$\backslash$table$[[$Number of Canoes Produced and Sold,,$80,570,770],[$Total costs$],[$Variable Costs,$$,71,040,,],[$Fixed Costs,,$156,000,,],[$Total Costs,$$,227,040,,]]$

Rrev

$2$ of $13$

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