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 $$73,000$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $$560$ each.

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

Complete the following table.

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

$\backslash$table$[[$Number of Canoes Produced and Sold,$440,610,800],[$Total costs,,,$]]$

Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows:

Sandy Bank sells its canoes for $$375$ each.

Required:

Suppose that Sandy Bank raises its selling price to $$500$ per canoe. Calculate its new break$-$even point in units and in sales dollars.

If Sandy Bank sells $1,510$ canoes, compute its margin of safety in dollars and as a percentage of sales. $($Use the new sales price of $$500$

Calculate the number of canoes that Sandy Bank must sell at $$500$ each to generate $$110,000$ profit.