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 $760$ 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 $$78,000$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $$550$ each.Number of Canoes Produced and Sold $410630760$

Total costs

Variable Costs $$61,090$

Fixed Costs $136,530$

Total Costs $$197,620$

Cost per Unit

Variable Cost per Unit

Fixed Cost per Unit

Total Cost per Unit