Sandy Bank, Inc, makes one model of wooden cance. Partial information is given below. Required: 1. Complete the following table 2. Suppose Sandy Bank sells its canoes for $560 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 840 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 $79,000 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: Required 2 Required) Required 4 Required s Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) 410 000 770 Number of cances Produced and Gold Total Variable Costs Fored Cost 5 83.140 132,020 195,160 $ $ 0 $ 0 Total Costs Cost per Unit Variable Cooper Unit Fored Cost per Unit Total Cost per Unit $ 0.00 $ 0.00 $ 0.00 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 $560 each Calculate the contribution margin per canoe and the contribution margin ratio 3. This year Sandy Bank expects to sell 840 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 $79,000 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: Required 2 Required) Required 4 Required Suppose Sandy Bank sells its canoes for $560 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. (..1234 should be entered as 12.34%.)) per Canoe Unit Contribution Margin Contribution Margin Ratio Complete this question by entering your answers in the tabs below. Recured 2 Required Required 4 Required 5 This year Sandy Bank expects to sell 840 canoes. Prepare a contribution margin income statement for the company. (Round your intermediate calculations to 2 Geomal blaces) SANDY BANKI Contribution Maria incomment For the current Year Contribution Margin Income from Operations Required 2 Required 4 > Required 1. Complete the following table 2. Suppose Sandy Bank sells its canoes for $560 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sel 840 canoes. Prepare a contribution margin income statement for the company. 4. Caicte Sandy Bank's break even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $79.000 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. Rewired ered Required Retuired 5 Calculate Sandy Bar break-even point in units and in sales dotters (Round Minat answers to the nearest whole number) Break Even inte Brake Sales Reven Cance Sandy Bank, Inc, makes one model of wooden canoe. Partial information is given below, Required: 1. Complete the fonowing table 2. Suppose Sandy Bank sells its canoes for $560 each, Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sanay Bank expects to set 840 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 $79,000 profit this year Calculate the number of canoes that must be sold to achieve this arget Complete this question by entering your answers in the tabs below. Required: Roured 2 ore) Required Required Suppose Sanay Bank wants to earn $79,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. (Roundunt contribution Margin to 2 decimal places. Round your answer to the next whole number) Canos (Required
