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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 $ each. Calculate the contribution margin per canoe and the
contribution margin ratio.
This year Sandy Bank expects to sell canoes for $ each. Prepare a contribution margin income statement
for the company.
Calculate Sandy Bank's breakeven point in units and in sales dollars. Sandy Bank sells its canoes for $ each.
Suppose Sandy Bank wants to earn $ profit this year. Calculate the number of canoes that must be sold to
achieve this target. Sandy Bank sells its canoes for $ each.
Complete this question by entering your answers in the tabs below.
Complete the following table.
Note: Round your "Cost per Unit" answers to decimal places.
Complete this question by entering your answers in the tabs below.
Suppose Sandy Bank sells its canoes for $ each. Calculate the contribution margin per canoe and the contribution margin
ratio.
Note: Round your intermediate calculations and Unit Contribution Margin answer to two decimal places. Round your
"percentage" answer to decimal places. ie should be entered as
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