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Sandy Bank, Inc., makes one model ofwooden canoe. Partial information is given below. Required: 1.36 1. Complete the following table. points 9. Suppose Sandy Bank
Sandy Bank, Inc., makes one model ofwooden canoe. Partial information is given below. Required: 1.36 1. Complete the following table. points 9. Suppose Sandy Bank sells its canoes for $580 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 830 canoes. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank's breakeven point in units and in sales dollars. El 5. Suppose Sandy Bank wants to earn $T8,000 profit this year. Calculate the number of canoes that must be sold to achieve this eEEDk target. @ Complete this question by entering your answers in the tabs below. Hint . ' Required 1 Required 2 Required 3 Required 4 Required 5 Ask _ Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) 5 Total costs El Variable Costs 5) 59,520 References Fixed Costs 143,000 Total Costs 5% 212,520 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit Required 2 )
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