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 $$510$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

This year Sandy Bank expects to sell $820$ canoes for $$510$ 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 $$510$ each.

Suppose Sandy Bank wants to earn $$79,000$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $$510$ each.

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

Required $1$

Required $2$

Required $3$

Required $4$

Complete the following table.

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

$\backslash$table$[[\backslash$table$[[$Number of Canoes Produced and Sold$],[$Total costs$]],480,580,740],[,,,,,],[$Variable Costs,$$,67,200,$$$,81,200,$$$,103,600],[$Fixed Costs,,$161,760,,161,760,,161,760],[$Total Costs,$$,228,960,$$$,242,960,$$$,265,360],[$Cost per Unit$],[$Variable Cost per Unit,$$,140\mathrm{.}00,$$$,140\mathrm{.}00,$$$,140\mathrm{.}00],[$Fixed Cost per Unit,,$337\mathrm{.}00,,278\mathrm{.}90,,218\mathrm{.}59],[$Total Cost per Unit,$$,477\mathrm{.}00,$$$,418\mathrm{.}90,$$$,358\mathrm{.}59]]$

Required $1$

Required $2$