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I am forced to take accounting, please answer all the questions. Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below.

I am forced to take accounting, please answer all the questions. Sandy Bank, Incorporated, 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 $570 each. Calculate the contribution margin per canoe and the contribution margin ratio.
  3. This year Sandy Bank expects to sell 820 canoes for $570 each. Prepare a contribution margin income statement for the company.
  4. Calculate Sandy Banks break-even point in units and in sales dollars. Sandy Bank sells its canoes for $570 each.
  5. Suppose Sandy Bank wants to earn $68,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $570 each.image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Complete the following table. Note: Round your "Cost per Unit" answers to 2 decimal places. Complete this question by entering your answers in the tabs below. Suppose Sandy Bank sells its canoes for $570 each. Calculate the contribution margin per canoe and the contribution margin ratio. Note: Round your intermediate calculations and Unit Contribution Margin answer to two decimal places. Round your "percentage" answer to 2 decimal places. (i.e. 0.1234 should be entered as 12.34%.) This year Sandy Bank expects to sell 820 canoes for $570 each. Prepare a contribution margin income statement for company. Note: Round your intermediate calculations to 2 decimal places. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $570 each Note: Do not round your intermediate calculations. Round final answers to the nearest whole number. Suppose Sandy Bank wants to earn $68,000 profit this year. Calculate the number of canoes that must b target. Sandy Bank sells its canoes for $570 each. Note: Round Unit Contribution Margin to 2 decimal places. Round your answer to the nearest whole numb

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