E$6-5($Algo$)$ Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break$-$Even Point, Target Profit $[$LO $6-1,6-2]$

Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below.

Required:

$1.$ Complete the following table.

$2.$ Suppose Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

$3.$ This year Sandy Bank expects to sell $820$ canoes for $\backslash (\backslash$$ $510\backslash )$ each. Prepare a contribution margin income statement for the company.

$4.$ Calculate Sandy Bank's break$-$even point in units and in sales dollars. Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each.

$5.$ Suppose Sandy Bank wants to earn $\backslash (\backslash$$ $81,000\backslash )$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each.

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

Suppose Sandy Bank wants to earn $\backslash (\backslash$$ $81,000\backslash )$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each.

Note: Round Unit Contribution Margin to $2$ decimal places. Round your answer to the nearest whole number. E$6-5($Algo$)$ Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break$-$Even Point, Target Profit $[$LO $6-1,6-2]$

Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below.

Required:

$1.$ Complete the following table.

$2.$ Suppose Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

$3.$ This year Sandy Bank expects to sell $820$ canoes for $\backslash (\backslash$$ $510\backslash )$ each. Prepare a contribution margin income statement for the company.

$4.$ Calculate Sandy Bank's break$-$even point in units and in sales dollars. Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each.

$5.$ Suppose Sandy Bank wants to earn $\backslash (\backslash$$ $81,000\backslash )$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each.

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

Calculate Sandy Bank's break$-$even point in units and in sales dollars. Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each.

Note: Do not round your intermediate calculations. Round final answers to the nearest whole number. $6-5($Algo$)$ Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break$-$Even oint, Target Profit $[$LO $6-1,6-2]$

andy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below.

Required:

$1.$ Complete the following table.

$2.$ Suppose Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

$3.$ This year Sandy Bank expects to sell $820$ canoes for $\backslash (\backslash$$ $510\backslash )$ each. Prepare a contribution margin income statement for the company.

$4.$ Calculate Sandy Bank's break$-$even point in units and in sales dollars. Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each.

$5.$ Suppose Sandy Bank wants to earn $\backslash (\backslash$$ $81,000\backslash )$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each.

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

This year Sandy Bank expects to sell $820$ canoes for $\backslash (\backslash$$ $510\backslash )$ each. Prepare a contribution margin income statement for the company.

Note: Round your intermediate calculations to $2$ decimal places.

SANDY BANK, INCORPORATED

Contribution Margin Income Statement E$6-5($Algo$)$ Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break$-$Even Point, Target Profit $[$LO $6-1,6-2]$

Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below.

Required:

$1.$ Complete the following table.

$2.$ Suppose Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

$3.$ This year Sandy Bank expects to sell $820$ canoes for $\backslash (\backslash$$ $510\backslash )$ each. Prepare a contribution margin income statement for the company.

$4.$ Calculate Sandy Bank's break$-$even point in units and in sales dollars. Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each.

$5.$ Suppose Sandy Bank wants to earn $\backslash (\backslash$$ $81,000\backslash )$ profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each.

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

Required $1$

Required $5$

Suppose Sandy Bank sells its canoes for $\backslash (\backslash$$ $510\backslash )$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

Note: Round your intermediate calculations and Unit Contribution Margin answer to two decimal places. Round your "percentage" answer to $2$ decimal places. $($i$.$e$.0\mathrm{.}1234$ should be entered as $\backslash (12\mathrm{.}34\backslash \%\backslash ).)$

Unit Contribution Margin

per canoe

Contribution Margin Ratio E$6-5($Algo$)$ Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break$-$Even Point, Target Profit $[$LO $6-1,6-2]$

Sandy Bank, Incorporated, makes one model of wooden canoe. Partial information is given below.

Required:

$1.$ Complete the following table.

$2.$ Suppose Sandy Bank sell