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Point, Target Profit [ LO 6 - 1 , 6 - 2 ] Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is
Point, Target Profit LO
Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below.
Required:
Complete the following table.
Suppose Sandy Bank sells its canoes for $ each. Calculate the contribution margin per canoe and the contribution margin ratio.
This year Sandy Bank expects to sell canoes for $ each. Prepare a contribution margin income statement for the company.
Calculate Sandy Bank's breakeven point in units and in sales dollars. Sandy Bank sells its canoes for $ each.
Suppose Sandy Bank wants to earn $ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $ each.
Complete this question by entering your answers in the tabs fielow.
Required
Required
Required
Required
Complete the following table.
Note: Round your "Cost per Unit" answers to decimal places.
tableNumber of Canoes Produced and Sold,Total costs,,Variable Costs,$Fixed Costs,,Total Costs,$Cost per UnitVariable Cost per UnitFixed Cost per Unit,,,,Total Cost per Unit,,,,
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