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please help me out I want to understand how to do this part 4 and 5 are incomplete. thank you 4. Required: 1. Complete the
please help me out I want to understand how to do this part 4 and 5 are incomplete. thank you
4. Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $530 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 $67.000 profit this year. Calculate the number of cances that must be sold to achieve this target -Book Hit Complete this question by entering your answers in the tabs below. Print riences Required 1 Required 25 Punquired 3 Required 4 Required Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places) Number of Canoes Produced and Sold 480 650 780 Total costs Variable Costs $ 72.4305 83,050 $ 117 730 Fixed Costs 155,520 155,520 155520 Total Costs $ 228,000 $ 238,570 $ 273,300 Cost per Unit Variable Cost per Unit $ 151 00s 15100 $ 15100 Fixed cost per Unit 324 00 283.00 199.00 Total Coster Unit $ 475005 434005 350 00 Required 2 > Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $530 each. Calculate the contribution margin per canoe and the contribution margin 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 $67,000 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. es Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank sells its canoes for $530 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. (L. 1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio 370.00 per Cande 75 28% Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 820 canoes. Prepare a contribution margin income statement for the company. (RC your intermediate calculations to 2 decimal places.) SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Sales Revenue $ I 434,600 Variable Costs (123,820) $ Contribution Margin Fixed Costs 310 780 (155,520) Income from Operations 155,260 mplete the following table. opose Sandy Bank sells its canoes for $530 each, Calculate the contribution margin per canoe and the contribu s year Sandy Bank expects to sell 820 canoes. Prepare a contribution margin income statement for the compa culate Sandy Bank's break-even point in units and in sales dollars. pose Sandy Bank wants to earn $67,000 profit this year. Calculate the number of canoes that must be sold to mplete this question by entering your answers in the tabs below. quired 1 Required 2 Required 3 Required 4 Required 5 Culate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number. k-Even Units 390 Canoes 206,589 k-Even Sales Revenue Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank wants to earn $67,000 profit this year. Calculate the number of canoes that must be sold to achieve t target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next whole number.) Target Sales Units 558 Canoes Step by Step Solution
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