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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
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 $600 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 810 canoes. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank's breakeven point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $67,000 prot this year. Calculate the number of canoes that must be sold to achieve this ta rg et. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Total costs Variable Costs 72,960 Fixed Costs 161,280 Total Costs 234,240 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit Required 2 >
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