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I need you to anwser question 1 2 3 4 5 E6-5 (Static) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit
I need you to anwser question 1 2 3 4 5
E6-5 (Static) 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 $550 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 820 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 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 answers to 2 decimal places.) 400 600 750 Number of Canoes Produced and Sold Total Costs $ $ 67,500.00 $ $ 150,000.00 $ 217,500.00 $ 101,250.00 $ 150,000.00 $ 251,250.00 $ 126,562.50 150,000.00 276,562.50 $ Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 0.00 $ 0.00 $ 0.00Step by Step Solution
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