Required:

Complete the following table.

Suppose Sandy Bank sells its canoes for $$520$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

This year Sandy Bank expects to sell $790$ canoes for $$520$ each. Prepare a contribution margin income statement for the company.

Calculate Sandy Bank's break$-$even point in units and in sales dollars. Sandy Bank sells its canoes for $$520$ each.

Suppose Sandy Bank wants to earn $$81,000$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $$520$ each.

Complete this question by entering your answers in the tabs below.

Required $2$

Required $3$

Required $4$

Required $5$

Complete the following table.

Note: Round your "Cost per Unit" answers to $2$ decimal places.

$\backslash$table$[[$Number of Canoes Produced and Sold,$470,570,770],[$Total costs$],[$Variable Costs,$$,68,150,$$$,82,650,$$$,111,650],[$Fixed Costs,,$156,510,,156,510,,156,510],[$Total Costs,$$,224,660,$$$,239,160,$$$,268,160],[$Cost per Unit$],[$Variable Cost per Unit,$$,145\mathrm{.}00,$$$,145\mathrm{.}00,$$$,145\mathrm{.}00],[$Fixed Cost per Unit,,$333\mathrm{.}00,,274\mathrm{.}57,,203\mathrm{.}25],[$Total Cost per Unit,$$,478\mathrm{.}00,$$$,419\mathrm{.}57,$$$,348\mathrm{.}25]]$