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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 cances for $550 each Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 790 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 Barik wants to earn $65.000 profit this year. Calculate the number of canoes that must be sold to achieve this to get Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Required 4 Required 5 complete the following table. (Round your 'Cost der Unt" answers to 2 decimal places.) ence 440 510 730 Number of Canoas Produced and sold Tools Variatio Costs ed Cott S 67780 141 680 209 440 $ Coster Vorable Conte Cost per un Tots Content Required 2 > 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 $550 each. Calculate the contribution margin per canoe and the contribution margin ratio 3. This year Sandy Bank expects to sell 790 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 $65.000 profit this year. Calculate the number of canoes that must be sold to achieve this target Complete this question by entering your answers in the tabs below. Required: Required 2 Required Required 4 Required 5 Suppose Sandy Bank sells its canoes for $550 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.....1234 should be entered as 12.34%) Unit Contribution Margin Contribution Margin Ratio per Canon 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 $550 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 790 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 $65,000 profit this year. Calculate the number of canoes that must be sold to achieve this target Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 790 canoes. Prepare a contribution margin income statement for the company. (Round your intermediate calculations to 2 decimal places) SANDY BANK, Inc. Contribution Margin income Statement For the current Year Contribution Margo income from Operations 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 $550 each. Calculate the contribution margin per canoe and the contribution margin ratio 3. This year Sandy Bank expects to sell 790 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 $65.000 profit this year. Calculate the number of canoes that must be sold to achleve this target Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number) Break Even Units Break Even Sales Revenue Canoes 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 $550 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 790 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 $65,000 profit this year . Calculate the number of canoes that must be sold to achieve this target Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank wants to earn $65,000 profit this year. Calculate the number of cances that must be sold to achieve this target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next whole number.) ice Target Sales Units Conces
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