Sandy Bank, Inc. makes one model of wooden canoe. Partial information for it follows:

Required:
1. Complete the preceding table.
2. Suppose Sandy Bank sells its canoes for $550 each. Calculate the contribution margin per canoe and the contribution margin ratio.
3. This year Sandy Bank expects to sell 820 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 $75,000 profit this year. Calculate the number of canoes that must be sold to achieve this target.

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Number of canoes produced and sold Total costs 400 600 750 Variable costs Fixed costs 67,500 150,000 $217,500 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit