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Hi Can somebody help me to do Section 4 and chake my work if it correct or not? 1 Sandy Bank, Inc., makes one model
Hi Can somebody help me to do Section 4 and chake my work if it correct or not?
1 Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. 2.5 points 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 780 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 $79,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. eBook Hint Print Complete this question by entering your answers in the tabs below. References 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 480 570 750 Total costs Variable Costs $ 75,840 $ 154,560 230,400 $ Fixed Costs 90,060 $ 154,560 244,620 $ 118,500 154,560 Total Costs S 273,060 Cost per Unit S Variable Cost per Unit Fixed Cost per Unit 158.00 $ 322.00 480.00 $ 158.00 $ 271.16 429.16 $ 158.00 206.08 Total Cost per Unit $ 364.08 1 Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. 2.5 points 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 780 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 $79,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. eBook Hint Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank sells its canoes for $550 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. (i.e. .1234 should be entered as 12.34%.)) $ Unit Contribution Margin Contribution Margin Ratio 392.00 per Canoe 71.001% 1 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 780 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 $79,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. 2.5 points eBook Complete this question by entering your answers in the tabs below. Hint Print Required 1 Required 2 References Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 780 canoes. 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 Cost of Goods Sold $ 780 Sales Revenue 429,000 Variable Costs 123,240 $ Contribution Margin Fixed Costs 305,760 154,560 Income from Operations $ 151,200 1 Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. 2.5 points 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 780 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 $79,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. eBook Hint Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number.) Canoes Break-Even Units Break-Even Sales Revenue 1 CU-layu) dicuiduilly LOLILIIDULIVIT IVICI ym dniu LOMILI IVULIUI VAI HI ROLIU, Tuentliymy diedkocven Point, Target Profit (LO 6-1, 6-2] Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. 2.5 points eBook 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 780 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 $79,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Hint Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank wants to earn $79,000 profit this year. Calculate the number of canoes 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 596 CanoesStep by Step Solution
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