Required:

Complete the following table.

Suppose Sandy Bank sells its canoes for $$590$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

This year Sandy Bank expects to sell $760$ canoes for $$590$ 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 $$590$ each.

Suppose Sandy Bank wants to earn $$76,000$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $$590$ each.

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

Required $1$

Required $2$

Required $3$

Complete the following table.

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

$\backslash$table$[[$Number of Canoes Produced and Sold,$500,590,780],[$Total costs$],[$Variable Costs,$$,79,000,$$$,93,220,$$$,123,240],[$Fixed Costs,,$162,500,,162,500,,162,500],[$Total Costs,$$,241,500,$$$,255,720,$$$,285,740],[$Cost per Unit$],[$Variable Cost per Unit,$$,158\mathrm{.}00,$$$,158\mathrm{.}00,$$$,158\mathrm{.}00],[$Fixed Cost per Unit,,$325\mathrm{.}00,,275\mathrm{.}42,,208\mathrm{.}33],[$Total Cost per Unit,$$,483\mathrm{.}00,$$$,433\mathrm{.}42,$$$,366\mathrm{.}33]]$