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6 Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. 1.1 points Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $600 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 830 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 $71,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Required 4 Required 5 Print References This year Sandy Bank expects to sell 830 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 6 Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. 1.1 points Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $600 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 830 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 $71,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Required 4 Required 5 Print Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number.) References Canoes Break-Even Units Break-Even Sales Revenue 6 Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. 1.1 points Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $600 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 830 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 $71,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Required 3 Required 4 Required 5 Print Suppose Sandy Bank wants to earn $71,000 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 Canoes 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 sells its canoes for $600 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 458.00 per Canoe 76.00 %