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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

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 $560 each. Calculate the contribution margin per canoe and the contribution margin ratio.
This year Sandy Bank expects to sell 830 canoes for $560 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 $560 each.
Suppose Sandy Bank wants to earn $68,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $560 each.
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Required 3
Required 4
Required 5
Complete the following table.
Note: Round your "Cost per Unit" answers to 2 decimal places.
\table[[Number of Canoes Produced and Sold,480,630,740],[Total costs,,,,,,],[Variable Costs,$,72,960,,,,],[Fixed Costs,,156,960,,,,],[Total Costs,$,229,920,$,0,$,0],[Cost per Unit],[Variable Cost per Unit],[Fixed Cost per Unit],[Total Cost per Unit,$,0.00,$,0.00,$,0.00]]
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