Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 3. 3.00 points e6-5 calculating contribution margi

3. 3.00 points E6-5 Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target...

80.2K

Verified Solution

Question

Accounting

imageimage

3. 3.00 points E6-5 Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit LO 6-1, 6-2 Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows: Required: 1. Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 420 590 750 Total costs Varniable Costs $58,800 Fixed Costs 136,920 Total Costs $195,720$ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00 0.00$ 0.00 2. Suppose Sandy Bank sells its canoes for $500 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 Contribution Margin Ratio per Canose

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Under steady state condition 10 Q ww 8 V ALA 0 1 F A 2052...

Physics
Q

Consider AAXN shown below Which of these is correct 12 18 BODENK If XY and...

Geometry
Q

Given the toolkit function f(x) = x2, write the equation of the transformed function g(x)...

Basic Math
Q

an internet provider charges a $120 set-up fee and a $50 monthly fee. Find the...

Basic Math
Q

TV 4 1 sin5 x dx 0 At first I divided sin5 x dx to...

Calculus
Q

Solve the equation 813x 3 729x 2

Algebra
Q

In which investment classification do fair value changes affect the income statement? Select one:...

Accounting
Q

Which of the following items are negative for a company (assuming a normal business environment)...

Accounting
Q

the collection of 2400 account withint the 2% discount period will result in a credit...

Accounting
Q

4) PROCEDURE The instructor will go over most of the steps below in...

Accounting
Q

Arctic Gear Inc. manufactures jackets and other cold weather clothing. A popular high end ski...

Accounting
Q

Pizana Computer company has been purclasine carving cases for its portatie computers at a purchach...

Accounting