E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit [

Post by **answerhappygod** » Sun Jul 03, 2022 3:54 pm

: E6 5 Algo Calculating Contribution Margin And Contribution Margin Ratio Identifying Break Even Point Target Profit 1 (71.61 KiB) Viewed 8 times

: E6 5 Algo Calculating Contribution Margin And Contribution Margin Ratio Identifying Break Even Point Target Profit 2 (78.99 KiB) Viewed 8 times

: E6 5 Algo Calculating Contribution Margin And Contribution Margin Ratio Identifying Break Even Point Target Profit 3 (65.54 KiB) Viewed 8 times

: E6 5 Algo Calculating Contribution Margin And Contribution Margin Ratio Identifying Break Even Point Target Profit 4 (72.89 KiB) Viewed 8 times

: E6 5 Algo Calculating Contribution Margin And Contribution Margin Ratio Identifying Break Even Point Target Profit 5 (54.12 KiB) Viewed 8 times

E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit [LO 6-1, 6-2] 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 $570 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 810 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 $72,000 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 5 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold Total costs Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit Required 3 Required 4 $ $ 440 <Required t 68,640 147,400 216,040 620 Required 2 > 730

ces E6-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio; Identifying Break-Even Point, Target Profit [LO 6-1, 6-2] 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 $570 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 810 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 $72,000 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 Unit Contribution Margin Contribution Margin Ratio Required 4 Suppose Sandy Bank sells its canoes for $570 each. Calculate the contribution margin per can ratio. (Round your intermediate calculations and final answers to 2 decimal places. Round you decimal places. (i.e. .1234 should be entered as 12.34%.)) per Canoe % Required 5 < Required 1 Required 3 >

come statement for the company. . Calculate Sandy Bank's break-even point in units and in sales dollars. 5. Suppose Sandy Bank wants to earn $72,000 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. canoes. Prepare a contribution margin Required 1 Required 2 Required 3 This year Sandy Bank expects to sell 810 canoes. Prepare a contribution margin income state your intermediate calculations to 2 decimal places.) SANDY BANK, Inc. Contribution Margin Income Statement For the Current Year Contribution Margin Income from Operations Required 4 Required 5 < Required 2 Required 4 >

[LO 6-1, 6-2 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 $570 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. This year Sandy Bank expects to sell 810 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 $72,000 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 Break-Even Units Break-Even Sales Revenue Required 4 Calculate Sandy Bank's break-even point in units and in sales dollars. (Round final answers to Required 5 < Required 3 Canoes Required 5 >

810 canoes. Prepare a contribution margin ome statement for the company. Calculate Sandy Bank's break-even point in units and in sales dollars. Suppose Sandy Bank wants to earn $72,000 profit this year. Calculate the number of oes 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 Suppose Sandy Bank wants to earn $72,000 profit this year. Calculate the number of canoes t target. (Round Unit Contribution Margin to 2 decimal places. Round your answer to the next w arget Sales Units Canoes < Required 4 Required 5