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Sandy Bank, Inc, makes one model of wooden canoe. Partial information is given below Required: 1. Complete the following table 2. Suppose Sandy Bank sells its cances for $550 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 $84,000 profit this year Calculate the number of canoes that must be sold to achieve this target Required 1 Required 2 Required 3 Required 4 Required 5 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) 410 570 790 Number of Canoes Produced and Sold Total costs Variable Costs $ Ford Costs 65.190 134,070 199 260 Total Costs 5 Cost per Unit Variable Cost per Unit Fred Cost per Unit Total Coster Unit Required 2 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 contribution margin ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round your "percentage" answer to 2 decimal places. (.e. 1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio per Canoe Required 1 Required 2 Required 3 Required 4 Required 5 This year Sandy Bank expects to sell 750 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 Contribution Margin mementions target Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number.) Canoes Break Even Units Break Even Sales Revenue Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required Suppose Sandy Bank wants to cam $84,000 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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