Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

could someone answer this Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below Required: 1. Complete the following table 2

could someone answer this image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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 cances for $530 each Calculate the contribution margin per cance and the contribution margin ratio 3. This year Sandy Bank expects to sell 840 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. Required 1 Required Required 3 Required Required Complete the following table (Round Voor Colt Der Unitat 2 decimal places) 420 570 700 Number of Canoes Produced and sold Total costs Variable Co Fored Coats Total Cost Cost per Unit Variable cost per Unit F Cost per Unt Total Cost per Unit 01040 138.000 202440 5 Required 2 > Sandy Bank, Inc, makes one model of wooden canoe. Partial information is given below. Required 1. Complote the following table 2. Suppose Sandy Bank sells its canoes for $530 oach Calculate the contributon margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 840 canoes. Prepare a contribution margin incomo ctitomont 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 cances 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 Required 5 Suppose Sandy Bank sells its canoes for $530 each. Calculate the contribution margir per cance and the contbution margin ratio. (Round your intermediate calculations and final answers to 2 del plece Found your percentage wawe 102 decimal places. Le 1234 should be entered a 12.3499) per Canse Unt Contribution Margin Contribution Margin Ratio Sandy Bank Inc, makes one model of wooden canoe. Partial information is given below Required 1. Complete the following tablo 2 Suppose Sandy Bank calls its canoes for $530 each. Calculate the contribution margin per canoe and the contribution margin ratio 3. This year Sandy Bank expects to sell 840 canoes. Prepare a contribution margin income statement for the company 4. Calculate Sandy Bank's break-ovon polit 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. Requred 1 Tequired Required Requwed 4 Required Calculate Sandy Bank break-even point in units and in sales dolls Round was to the nearest wielen) Canos Dresk-Even Units Breskvenses Revenue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Compensation And Benefits Programs

Authors: Kelli W. Vito

1st Edition

0894136720, 978-0894136726

More Books

Students also viewed these Accounting questions