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

Required:

1. Complete the following table.

2.)

3.)

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5.)

Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 470 640 720 Total costs Variable Costs $ 70,030 Fixed Costs 153,220 Total Costs $ 223,250 $ 0 $ 0 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 0.00 $ 0.00 $ 0.00 Required 1 Required 2 > Suppose Sandy Bank sells its canoes for $540 each. Calculate the contribution margin per canoe and the contributio ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round your "percentage" answer decimal places. (i.e. .1234 should be entered as 12.34%.)) per Canoe Unit Contribution Margin Contribution Margin Ratio % This year Sandy Bank expects to sell 850 canoes. Prepare a contribution margin income statement for the company your intermediate calculations to 2 decimal places.) SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribution Margin ncome from Operations Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole nur Break-Even Units Canoes Break-Even Sales Revenue Suppose Sandy Bank wants to earn $72,000 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 Canoes