Soved 1. Complete the following table, 2. Suppose Sandy Bank sells its canoes for $540 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 850 canoes. Prepare a contribution margin income statement for the company 4. Calculate Sandy Bank's break even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $84,000 profit this year. Calculate the number of canoes that must be sold to achieve this target Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 850 canoes. Prepare a contribution margin income statement for the company (Round your intermediate calculations to 2 decimal places) SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribubon Margin Income from Operations Prov 13 Next Soved 1. Complete the following table, 2. Suppose Sandy Bank sells its canoes for $540 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 850 canoes. Prepare a contribution margin income statement for the company 4. Calculate Sandy Bank's break even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $84,000 profit this year. Calculate the number of canoes that must be sold to achieve this target Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 850 canoes. Prepare a contribution margin income statement for the company (Round your intermediate calculations to 2 decimal places) SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribubon Margin Income from Operations Prov 13 Next