E6-5 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 for it follows: Required: 1. Complete the following table (Round your "Cost per Uni w ers to decimal places) 430 50 7 10 Number of Cannes Produced and Sold Total Vrat Costs Total Costs Cooper Unit Variable Coster Unit 2. Suose Sandy Bank s cances for each calon the contribution marga percance and the contribution margin ratio Round your intermediate calculations and inal answers to 2 decimal places. Round your percentage answer to 2 decimal places....1234 should be entered as 12.34%)) Unit Contribution Margin Corto Margate 3. This year Sandy Bank expects to sell 810 cances. 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 4. Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number). Break-even Unis Cances Break-Even Sales Revenue 5. Suppose Sandy Bank wants to com $73.000 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) Target Sales Units Cances