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(Solved): 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $570 each. Calculate th ...
1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $570 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 820 canoes for $570 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 $570 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 $570 each. Complete this question by entering your answers in the tabs below. Complete the following table. Note: Round your "Cost per Unit" answers to 2 decimal places.