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 $$520$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

This year Sandy Bank expects to sell $830$ canoes for $$520$ each. Prepare a contribution margin income statement for the company.

Calculate Sandy Bank$$s break$-$even point in units and in sales dollars. Sandy Bank sells its canoes for $$520$ each.

Suppose Sandy Bank wants to earn $$72,000$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $$520$ each. 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 $\backslash (\backslash$$ $520\backslash )$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

$3.$ This year Sandy Bank expects to sell $830$ canoes for $\backslash (\backslash$$ $520\backslash )$ each. Prepare a contribution margin income statement for the company.

$4.$ Calculate Sandy Bank's break$-$even point in units and in sales dollars. Sandy Bank sells its canoes for $\backslash (\backslash$$ $520\backslash )$ each.

$5.$ Suppose Sandy Bank wants to earn $\backslash (\backslash$$ $72,000\backslash )$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $\backslash (\backslash$$ $520\backslash )$ each.

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

Required $1$

Complete the following table.

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