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E 6 - 5 ( Algo ) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break - Even Point, Target Profit [ LO 6 -
EAlgo Calculating Contribution Margin and Contribution Margin Ratio; Identifying BreakEven Point, Target Profit LO
Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below.
Required:
Complete the following table.
Suppose Sandy Bank sells its canoes for $ each. Calculate the contribution margin per canoe and the contribution margin ration.
This year Sandy Bank expects to sell canoes for $ each. Prepare a contribution margin income statement for the company.
Calculate Sandy Bank's breakeven point in units and in sales dollars. Sandy Bank sells its canoes for $ each.
Suppose Sandy Bank wants to earn $ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $ each.
Complete this question by entering your answers in the tabs below.
Required
Required
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Complete the following table.
Note: Round your "Cost per Unit" answers to decimal places.
tableNumber of Canoes Produced and Sold,Total costsVariable Costs,$Fixed Costs,,Total Costs,$$$Cost per UnitVariable Cost per UnitFixed Cost per UnitTotal Cost per Unit,$$$
Please solve
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