C Sandy Bank, Inc., makes one model UI below. 136 points eBook Required: 1. Complete the following 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 790 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 $81,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Hint Ask Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 Required 4 Required References Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) 460 580 790 $ Number of Canoes Produced and Sold Total costs Variable Costs Fixed Coats Total Costs Cost per Unit Variable Cost per Unit Fixed Cost por Unit Total Cost per Unit 66,700 149,500 216,200 $ Sandy Bank, Inc., below. Required: 1. Complete the following 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 790 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 $81,000 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 Suppose Sandy Bank sells its canoes for $550 each. Calculate the contribution margin per canoe and the contrit ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round your "percentage" an: decimal places, (.e. 1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio per Canoe % 2. Suppose Sandy Bank sells its canoes for $550 each. margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 790 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 $81,000 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 790 canoes. Prepare a contribution margin income statement for the co your intermediate calculations to 2 decimal places.) SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribution Margin Income from Operations Required 1 Required 2 Required 3 Requir Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest Canoes Break-Even Units Break-Even Sales Revenue Sandy Bank, Inc., makes one model of wooden canoe. Partial information is gi below. Required: 1. Complete the following 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 790 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 $81,000 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 Suppose Sandy Bank wants to earn $81,000 profit this year. Calculate the number of canoes that must be sold i target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next whole number.) Target Sales Units Canoes