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please help! thank you in advance Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below Required: 1. Complete the following
please help! thank you in advance
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 $580 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 770 canoes for $580 each. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $580 each. 5. Suppose Sandy Bank wants to earn $66,000 profit this year. Calculate the number of canoes that must be sold to achieve this target Sandy Bank sells its canoes for $580 each. Complete this question by entering your answers in the tabs below. Complete the following table. Note: Round your "Cost per Unit" answers to 2 decimal places. \begin{tabular}{|l|l|l|l|l|} \hline Number of Canoes Produced and Sold & \multicolumn{2}{|c|}{450} & 620 & 730 \\ \hline Total costs & & & \\ \hline Variable Costs & $ & 68,850 & & \\ \hline Fixed Costs & & 148,500 & & \\ \hline Total Costs & $ & 217,350 & & \\ \hline Cost per Unit & & & & \\ \hline Variable Cost per Unit & & & \\ \hline Fixed Cost per Unit & & & \\ \hline Total Cost per Unit & & & \\ \hline \end{tabular} Suppose Sandy Bank sells its canoes for $580 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 770 canoes for $580 each. Prepare a contribution margin income statement for the company. Note: Round your intermediate calculations to 2 decimal places. Complete this question by entering your answers in the tabs below. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $580 each. Note: Do not round your intermediate calculations. Round final answers to the nearest whole number. Suppose Sandy Bank wants to earn $66,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $580 each. Note: Round Unit Contribution Margin to 2 decimal places, Round your answer to the nearest whole number Step by Step Solution
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