- - - Point, Target Profit [LO 6-1, 6-2) 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 $530 each Calculate the contribution margin per canoe and the contribution margin ratio 3. This year Sandy Bank expects to sell BOO cances. 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 $69.000 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 1 Required 2 Required 3 Required Required Complete the following table (Round your 'Cost per unanswers to 2 decimal places) N etcances Produced and $ Variable Cout Fixed Coats Total Costs 70,000 107.000 237. 5000 Cost per Unit Verte Coster Unit Fed Castor 000000000 Required 2 > E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio: Identifying Break Even Point, Target Profit (LO 6-1, 6-2) 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 $530 each Calculate the contribution margin per cance 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 $69,000 profit this year. Calculate the number of cances that must be sold to achieve this target Complete this question by entering your answers in the tabs below. Recured Required 2 Required > Required Required Suppose Sandy Bank sells its canoes for $530 each. Calculate the contribution margin per cance and the contribution margin ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round your percentage answer to 2 decimal places ( 1234 should be entered a 12-14 ) per Cande Unit Contribution Margin Contribution Margin Ratio Check my E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio: Identifying Break Even Point, Target Profit (LO 6-1, 6-2] 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 $530 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 $69.000 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 1 Required 2 Required 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 Corson Margin Check my work E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio: Identifying Break Even Point, Target Profit [LO 6-1, 6-2) Sandy Bank, Inc. makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table 2. Suppose Sandy Bank seisis cances for $530 each. Calculate the contribution margin per cance and the contribution margin ratio 3. This year Sandy Bank expects to sell 800 cances. 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 $69,000 profit this year. Calculate the number of cances that must be sold to achieve this target Complete this question by entering your answers in the tabs below. Required: Required 2 required Required Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number.) BE Break Even Sales Revenue Required > E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio: Identifying Break Even Point, Target Profit [LO 6-1, 6-2) Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. Required: 1. Complete the following table 2. Suppose Sandy Bank solls its cances for $530 each Calculate the contribution margin per cance 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 $69.000 profit this year Calculate the number of cances that must be sold to achieve this target Complete this question by entering your answers in the tabs below Required Required 2 Required) Required Burs Suppose Sandy Bank wants to earn $69,000 profit this year Calculate the number of cances 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 Unit Caroes