E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit (LO 6-1, 6-2] 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 $530 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 $72,000 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 2 Required 3 Required 4 Required 5 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 460 620 740 Total costs Variable Costs $ Fixed Costs 73,600 154,100 227,700 Total Costs $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit Required 2 > 5 E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit [LO 6-1, 6-2) 20 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 $530 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 $72,000 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. Print Required 1 Reagired 2 Required 3 Required 4 Required 5 References Suppose Sandy Bank sells its canoes for $530 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. (1 ...1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio per Canon % 5 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 $530 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 $72,000 profit this year. Calculate the number of cances that must be sold to achieve this target 20 points Skloped Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 790 cances. Prepare a contribution margin income statement for the company. (Round your intermediate calculations to 2 decimal places.) Print References SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribution Margin Income from Operations Required 2 Required a > pped 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 $530 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 $72,000 profit this year. Calculate the number of canoes that must be sold to achieve this target OK Complete this question by entering your answers in the tabs below. ant Required 1 ances Required 2 Required Required 4 Required Calculate Sandy Bank's break-even point in units and in sales dollars. (Round Pirat answers to the nearest whole number.) Canoes Break Even Units Break-Even Sales Revenue Required 3 Required 5 > E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit [LO 6-1, 6-2) pped 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 $530 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 $72,000 profit this year. Calculate the number of canoes that must be sold to achieve this target ook Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Required 4 Required ces Suppose Sandy Bank wants to earn $72,000 profit this year. Calculate the number of cances that must be sold to achieve this target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next whole number.) Tarpet Sales Units Canoes
