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

1. Complete the following table.

# of Canoes Produced & Sold	440	610	780
Total Costs
Variable Costs	$67,320
Fixed Costs	146,520	146,520	146,520
Total Costs	$213,840	$	$
Cost per Unit
Variable Cost per Unit	$153
Fixed Cost per Unit	333

Total Cost per Unit $486

2. Suppose Sandy Bank sells its canoes for $510 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 Banks break-even point in units and in sales dollars.

5. Suppose Sandy Bank wants to earn $84,000 profit this year. Calculate the number of canoes that must be sold to achieve this target.