okay so i have a test in 7 days so a nice step by step...

90.2K

Verified Solution

Question

Accounting

okay so i have a test in 7 days so a nice step by step for these problems would help image
Required: 1. Complete the following table. 2. Suppose Sandy Bank sells its canoes for $500 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 break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $68.000 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 Requirula Required 4 Required Required 3 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold 440 550 710 Total costs Variable Costs $ 62.480 Fixed Costs 146,080 Total Costs $ 208,560 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit Required 2 >

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students