Question

this year sandy Bank expects to sell 810 canoes. Prepare a contribution margin income statement forbthe company.

2. Suppose Sandy Bank sollst cances for $550 each calculate the contribution margin percance and contribution marginal Round your places. Round your percentage answer to 2 decimal places. L. 1234 should be entered 12.34%) $ 407.00 per Cance Unit Contribution Margin Contribution Margin Ratio 72. 3. This year Sandy Bark expects to sell 810 canoes. Prepare a contribution margin income talement for the company. (Round your intermediate calculations to 2 decimal places) SANDY BANK, Inc. Contribution Margin income Statement For the current Year Maradost Net Income Net Operating Income Sales Revenue Variable Coats

Answer 1

Question- 1 Number of Canoes Produced and sold 500 780 610 Total Cost Variable Cost 76500 93330 119340 Fixed cost 168500 168500 168500 Total Cost 245000 261830 287840 cost per unit Variable cost per unit Fixed cost Per unit 153.00 153.00 153.00 276.23 337.00 216.03 Question-2 407.00 Per Canoe Units Contribution ( 560-153) Contribution Margin ratio (407/560) 72.68% Question -3 (for 810Canoe) contribution Margin Income Statement sales Revenue (810*560) Variable Cost Contribution Margin 453600 123930 329670 Fixed cost 168500 Income From Operations 161170