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Help Please! Sandy Bank, Inc, makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table. 2. Suppose Sandy
Help Please!
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 $550 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-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $75,000 profit this year. Calculate the number of canbes that must be sold to achieve this target. Complete this question by entering your answers in the tabs below. Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Suppose Sandy Bank sells its canoes for $550 each. Calculate the contribution mar ratio. (Round your intermediate calculations and final answers to 2 decimal places. decimal places.(i.e. 1234 should be entered as 12.34%.) ) This year Sandy Bank expects to sell 840 canoes. Prepare a contributi your intermediate calculations to 2 decimal places.) Complete this question by entering your answers in the tabs bel Calculate Sandy Bank's break-even point in units and in sales dollars. Complete this question by entering your answers in the tabs 1 Suppose Sandy Bank wants to earn $75,000 profit this year. Calculate target. (Round Unit Contribution Margin to 2 decimal places. Round yo Step by Step Solution
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