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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

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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 $590 nach 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 $76,000 profit this year. Calculate the number of ganoes that must be sold to achieve this target Number of Canoes Produced and Sold 460 610 780 Total costs Variable Costs $ Fixed Costs 66,700 147,660 214,360 $ $ 0 $ 0 Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00 $ 0.00 $ 0.00

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