Sandy Bank Inc, makes one model of wooden canoe, Partial information for it follows

Number of Canoes Produced and Sold 400 600 750 Total costs Variable costs $ 67,500 $ ? $ ? Fixed costs 150,000 ? ? Total costs $ 217,500 $ ? $ ? Cost per unit Variable cost per unit $ ? $ ?$ ? Fixed cost per unit ? ? ? Total cost per unit $ ? $ ? $ ?

Required

1. Complete preceeding table

2. Suppose sandy bank sells its canoe for $550 each Calculate the contribution margin per canoe and the contribution ratio

3. This year Sandy banks expect to sell 820 canoes. Prepare a contribution margin income statement for the company

4. Calculate Sandy bank break even point in units and in sales dollars

5. Suppose sandy bank wants to earn $75,000 profit this year. Calculate the number of canoes that must be sold to achieve the target