Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below.

Required:

Complete the following table.

Suppose Sandy Bank sells its canoes for $$530$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

This year Sandy Bank expects to sell $780$ canoes for $$530$ each. Prepare a contribution margin income statement for the company.

Calculate Sandy Bank's break$-$even point in units and in sales dollars. Sandy Bank sells its canoes for $$530$ each.

Suppose Sandy Bank wants to earn $$71,000$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $$530$ each.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Required $4$

Complete the following table.

Note: Round your "Cost per Unit" answers to $2$ decimal places.

$\backslash$table$[[$Number of Canoes Produced and Sold,,,$600,700],[\backslash$table$[[$Total costs$]]],[$Variable Costs,$$,59,450,,],[$Fixed Costs,,$132,840,,2],[$Total Costs,$$,192,290,,],[\backslash$table$[[$Cost per Unit$],[$Variable Cost per Unit$]]],[$Variable Cost per Unit,,,,$],[$Fixed Cost per Unit,,,,$4],[$Total Cost per Unit,$1,.,,]]$