esE6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-EvenPoint, Target Profit [LO 6-1, 6-2]Sandy Bank, Incorporated, 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 $600 each. Calculate the contribution margin per canoe and the contribution margin ratio.3. This year Sandy Bank expects to sell 810 canoes for $600 each. Prepare a contribution margin income statement for the company.4. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $600 each.5. Suppose Sandy Bank wants to earn $82,000 profit this year. Calculate the number of canoes that must be sold to achieve thistarget. Sandy Bank sells its canoes for $600 each.Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 3 Required 4Complete the following table.Note: Round your "Cost per Unit" answers to 2 decimal places.Number of Canoes Produced and SoldTotal costsVariable Conta67AUG74Required 5400EO COOP< Prev600tv2 of 4Htt‒‒‒740Next >aHelpO 14:08edokttnces4. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $600 each.5. Suppose Sa Bank wants to earn $82,000 profit this year. Calculate the number of canoes that must be sold to achievtarget. Sandy Bank sells its canoes for $600 each.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3Number of Canoes Produced and SoldTotal costsComplete the following table.Note: Round your "Cost per Unit" answers to 2 decimal places.Variable CostsFixed CostsTotal CostsCost per UnitVariable Cost per UnitFixed Cost per UnitRequired 4Total Cost per Unit$$$400Required 5< Required 159,600128,400188,000$0.00 $< Prev6000$+0.00 $Required 2 >2 of 474000.00Next >10A C

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Answered: E6-5 (Algo) Calculating Contribution…

FINANCIAL ACCOUNTING

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Chapter1: Financial Statements And Business Decisions

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E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit [LO 6-1, 6-2] Sandy Bank, Incorporated, 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 $510 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 790 canoes for $510 each. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $510 each. 5. Suppose Sandy Bank wants to earn $74,000 profit this year. Calculate the number of canoes that must be sold to achieve this target. Sandy Bank sells its canoes for $510 each. 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. Note: Round your…
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ok Sandy Bank, Incorporated, 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 $520 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 760 canoes for $520 each. Prepare a contribution margin income statement for the company. 4. Calculate Sandy Bank's break-even point in units and in sales dollars. Sandy Bank sells its canoes for $520 each. 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. Sandy Bank sells its canoes for $520 each. , t Complete this question by entering your answers in the tabs below. t Required 1 Required 2 Required 3 Required 4 Required 5 Complete the following table. nces Note: Round your "Cost per Unit" answers to 2 decimal places. Number of Canoes Produced and Sold 450 610 700 Total costs Variable Costs…
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