3.00 points E6-5 Calculating Contribution Margin and Contribution Margin Ratio: Identifying Break-Even Point, Target Profit LO 6-1, 6-2] Sandy Ranic, Inc, makes nne model of wooden cance Partial information for it follows Required: 1. Complete the following tabl (Round your "Cost per Unit" answers to 2 decimal places.) 40 500 700 Number of Code Prochuced and Sold Totalte Variable costs Ford Costs Total Costs 5 50.160 156.400 2248405 3 0 % 0 Cost pe Unt Variable Cost per un Fred Cost per Unit Total cost per Unit 3 000 $ 000 $ 0.001 2. Suppose Sandy Bank sels is cances ur S540 each. Calculate the contribution mergin percance and the contribution margin ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round your "percentage" answer to 2 decimal places. i.e. 1234 should be entered as 12.34%.]) lunt Contribution Marin Canon Mag Ratio per Cance le 3. This year Sandy Bank expects to sell 820 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 |corianda Mai Income from Operations 4. Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number). Dresk-Even Units Canoes Break-even Sala 5. Suppose Sandy Bank wants to earn $77,000 profit this year. Calculate the number of cances that must be sold to achieve this target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next whole number.) Target Sales Units Canoes Hints References eBook & Resources Hint+1 3.00 points E6-5 Calculating Contribution Margin and Contribution Margin Ratio: Identifying Break-Even Point, Target Profit LO 6-1, 6-2] Sandy Ranic, Inc, makes nne model of wooden cance Partial information for it follows Required: 1. Complete the following tabl (Round your "Cost per Unit" answers to 2 decimal places.) 40 500 700 Number of Code Prochuced and Sold Totalte Variable costs Ford Costs Total Costs 5 50.160 156.400 2248405 3 0 % 0 Cost pe Unt Variable Cost per un Fred Cost per Unit Total cost per Unit 3 000 $ 000 $ 0.001 2. Suppose Sandy Bank sels is cances ur S540 each. Calculate the contribution mergin percance and the contribution margin ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round your "percentage" answer to 2 decimal places. i.e. 1234 should be entered as 12.34%.]) lunt Contribution Marin Canon Mag Ratio per Cance le 3. This year Sandy Bank expects to sell 820 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 |corianda Mai Income from Operations 4. Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number). Dresk-Even Units Canoes Break-even Sala 5. Suppose Sandy Bank wants to earn $77,000 profit this year. Calculate the number of cances that must be sold to achieve this target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next whole number.) Target Sales Units Canoes Hints References eBook & Resources Hint+1