Sandy Bank, Incorporated, 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 for $550 each. Prepare a contribution margin income statement for the company.
4. Calculate Sandy Banks break-even point in units and in sales dollars. Sandy Bank sells its canoes for $550 each.
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. Sandy Bank sells its canoes for $550 each.

Complete this question by entering your answers in the tabs below. Complete the following table. Note: Round your answers to 2 decimal places. Suppose Sandy Bank wants to earn $75,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $550 each. Note: Round Unit Contribution Margin to 2 decimal places. Round your answer to the nearest whole number. This year, Sandy Bank expects to sell 820 canoes for $550 each. Prepare a contribution margin income statement for the company. Note: Round your intermediate calculations to 2 decimal places. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $550 each. Note: Do not round your intermediate calculations. Round final answers to the nearest whole number