Required: 1. Complete the following table. (Round your \"Cost per Unit\" answers

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Required: 1. Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and 430 620 780 Variable Costs 61.490 Total Costs Cnst ner l Init 2. Suppose Sandy Bank sells its canoes for $560 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Rounc per (2; Contribution Margin Contribution 3. This year Sandy Bank expects to sell 770 canoes. Prepare a contribution margin income statement for the company. (Round your interme SANDY BANK, Inc. Contrlbution Margin Income Statement For the Current Contribution 4. Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to the nearest whole number) Break-Even Break-Even Sales 5. Suppose Sandy Bank wants to earn $69,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. (Rour arget nits

Explanation / Answer

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a Variable cost 61490 b Number of untis 430 c=a/b Variable cost per unit 143 1 Total costs: Number of canoes 430 620 780 Variable costs 61490 88660 111540 Fixed costs 200810 200810 200810 Total costs 262300 289470 312350 Cost per unit 610.00 466.89 400.45

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