Sandy Bank, Inc., makes one model of a wooden canoe. Partial information is given below.

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 $520 each. Calculate the contribution margin per canoe and the contribution margin ratio 3. This year Sandy Bank expects to sell 830 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 $83,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Required 1 Required 2 Required 3 Required 4 Required 5 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) 420 Number of Canoes Produced and Sold 560 790 Total costs Variable Costs $ 63.000 Fixed Costs 135,660 198.660 Total Costs $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit Required 2 > Required 1 Required 2 Required 3 Required 4 Required Suppose Sandy Bank sells its canoes for $520 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Round your intermediate calculations and final answers to 2 decimal places, Round your "percentage" answer to 2 decimal places. (le 1234 should be entered as 12.34%.)) por Canon Unit Contribution Margin Contraction Margin Ratio Required 1 Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 830 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 Contribution Margin Income from Operations Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number.) Canoes Break Even Units Break-Even Sales Revenue Required 1 Required 2 Required 3 Required 4 Required ances Suppose Sandy Bank wants to earn $83,000 profit this year. Calculate the number of canoes 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 Units Canon