Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $530 each....

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Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $530 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 760 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 $67,000 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 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 450 580 800 Total costs Variable Costs 64,800 Fixed Costs 144,900 Total Costs 209,700 $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00 $ 0.00 $ 0.00 Suppose Sandy Bank sells its canoes for $530 each. Calculate the contribution margin per canoe 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%.)) Unit Contribution Margin per Canoe Contribution Margin Ratio This year Sandy Bank expects to sell 760 canoes. Prepare a contribution margin income statement for the compar your intermediate calculations to 2 decimal places.) SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribution Margin Income from Operations Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number. Break-Even Units Canoes Break-Even Sales Revenue Suppose Sandy Bank wants to earn $67,000 profit this year. Calculate the number of canoes 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 Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $530 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 760 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 $67,000 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 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 450 580 800 Total costs Variable Costs 64,800 Fixed Costs 144,900 Total Costs 209,700 $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00 $ 0.00 $ 0.00 Suppose Sandy Bank sells its canoes for $530 each. Calculate the contribution margin per canoe 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%.)) Unit Contribution Margin per Canoe Contribution Margin Ratio This year Sandy Bank expects to sell 760 canoes. Prepare a contribution margin income statement for the compar your intermediate calculations to 2 decimal places.) SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribution Margin Income from Operations Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number. Break-Even Units Canoes Break-Even Sales Revenue Suppose Sandy Bank wants to earn $67,000 profit this year. Calculate the number of canoes 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

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Req 1 Units Produced and Sold 450 580 800 Total Costs Variable Cost 64800 83520 115200 F... View the full answer