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Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows: 0.77 points Sandy Bank,In makes one model af wooden canoe. Partial
Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows:
0.77 points Sandy Bank,In makes one model af wooden canoe. Partial information for it follows: Required: 1. Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 500 570 790 Total costs Variable Costs S 72,000 Fixed Costs 166,500 Total Costs s 238,500$ Cost per Unit ariable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00 $ 0.00 S 0.00 2. 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. (i.e. .1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio per CanoeStep by Step Solution
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