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 $$550$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

This year Sandy Bank expects to sell $850$ canoes for $$550$ 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 $$550$ each.

Suppose Sandy Bank wants to earn $$72,000$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $$550$ each.

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

Required $3$

Required $4$

Suppose Sandy Bank sells its canoes for $$550$ each. Calculate the contribution margin per canoe and the contrion margin ratio.

Note: Round your intermediate calculations and Unit Contribution Margin answer to two decimal places. Round your "percentage" answer to $2$ decimal places. $($i$.$e$.0\mathrm{.}1234$ should be entered as $12\mathrm{.}34\%.)$

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$\backslash$table$[[$Unit Contribution Margin,per canoe$],[$Contribution Margin Ratio,$\%$