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 820 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 $75,000 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 2 Required 2 Required 3 Required 4 Required 5 Complete the following table. (Round your answers to 2 decimal places.) 100 COO 750 Number of Canoes Produced and Sold Total Costs Variable costs Fored Costs Total Costs Cost per una Variable Cost per Unit Fred Cost per Unit Total Cost per Unit $ $ $ 07.500,00 150.000.00 217,500.00 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 cell 820 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 $75.000 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 1 Required 2 Required 3 Required 4 Required Suppose Sandy Blank wells its canoes for $550 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Round your purcentage answer to 2 decimal places. (le 1234 should be entered as 12.349.)) per Cance Unit Contribution Margin Contribution Margin Ratio Sandy Bank, Inc, makes one model of wooden canoe. Partial intormation 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 820 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 $75.000 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 1 Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 820 canoes. Prepare a contribution margin income statement for the company. (Round your inburmediate calculations to 2 decimal places.) SANDY BANK Inc Contribution Margin Income Statement For the Current Year Contribution Margin 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 820 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 $75,000 profit this year Calculate the number of cances that must be sold to achieve this target Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required Suppose Sandy Bank wants to sam $75,000 profit this year. Calculate the number of cances that must be sold to achieve this target (Round unle Contribution Margin to 2 decimal places. Round your answer to the nearest whole number? Target Sales Unit Cances 20
