omework Sarved 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 $590 each. Calculate the contribution margin per canoe and the contribution margin ratio 3. This year Sandy Bank expects to sell 800 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 $80,000 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. Requred 1 Required 2 Required 3 Required 4 Reques Complete the following table (found your cont per unit and acer) 440 3D 730 5 630 143440 204 05 Olls Number of Canoes Produced and Sold Total costs Variable Cous Foxed Costs Total Costs Cooper Unit Vanato Caut per Unit Fixed Cast por Unit Total Cost per un 5 0. 0.0011 Required 23 POSLE arget Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank sells its canoes for $590 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. We 1234 should be entered as 12.34%.)) Wit Cottobulion Margin Contrbution Margin Ratio per Canoe % Proy 1 of 2 !!! Next outon 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 $80.000 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 Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 800 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 Contribution Margin Income from Operations the CO Imagin per canoe and the contribution margin 3. This year Sandy Bank expects to sell 800 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 $80,000 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 Required 2 Required 3 Requited 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 Evon Sales Revenue 1 of 2 !!! Next SNOEN Calculate the contribution margin per canoe and the contribution 3. This year Sandy Bank expects to sell 800 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 $80,000 profit this year. Calculate the number of canoes that must be sold to achiev target Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 4 Required $ Required 5 Suppose Sandy Bank wants to eam $80,000 profit this year. Calculacur mumber 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 numbec) Targot Sales Units Canoes
