A newconnect.mheducation.com Answered: Cove's Cakes is a local bakery. Pric... HW #5 (Chapter 6) Watch Hunters - Season 1 | Prime Video 6) i Saved 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 canoes for $590 each. Calculate the contribution margin per canoe and the contribution margin ra 3. This year Sandy Bank expects to sell 770 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 $75,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 460 590 740 Total costs Variable Costs 69,460 Fixed Costs 152,260: Total Costs 221,720 2$ 195,290 2$ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00 0.00 0.00 Required 2 <> < Prev 2 of 7 Next > %24 %24 newconnect.mheducation.com Outlook Answered: Cove's Cakes is a local bakery. Pric... HW #5 (Chapter 6) Watch Hunters - Season 1 | Prim apter 6) 1 Saved 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 canoes for $590 each. Calculate the contribution margin per canoe and the contribution ma 3. This year Sandy Bank expects to sell 770 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 $75,000 profit this year. Calculate the number of canoes that must be sold to achieve target. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Sandy Bank sells its canoes for $590 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 Required 1 Required 3 <> < Prev 2 of 7 Next >