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 $550 each. Calculate the contribution margin per canoe and the contribution margin ratio.
3. This year Sandy Bank expects to sell 830 canoes. Prepare a contribution margin income statement for the company.
4. Calculate Sandy Bank’s breakeven point in units and in sales dollars.
5. Suppose Sandy Bank wants to earn $81,000 profit this year. Calculate the number of canoes that must be sold to achieve this target.
Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.)



This year Sandy Bank expects to sell 830 canoes. Prepare a contribution margin income statement for the company. (Round your intermediate calculations to 2 decimal places.)

Calculate Sandy Bank’s breakeven point in units and in sales dollars. (Round final answers to the nearest whole number.)
Suppose Sandy Bank wants to earn $81,000 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.)

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