Sandy Bank Incorporated makes one model of wooden canoe. Partial information for

Question

Sandy Bank Incorporated makes one model of wooden canoe. Partial information for it as follows

02 Ma C Sol C Co C Co C Rec Exam × -) | ezto.mheducation.com/hm.tpx 190%) i d..>> Most Visited m y.utrgv.edut ALGEBRA )Login Search everything on. Question 12 (of 25) Save & Exit Submit Time remaining: 0:47:08 12 Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows Required 1. Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) Number of Canoes Produced and Sold490 640 Total costs Variable Costs $ 72,520 Fixed Costs 158,760 Total Costs S 231.280 $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Costper Unit 0.00S

Explanation / Answer

1.

Variable cost per unit = Constant

Total fixed cost = Constant

2.

3.

SANDY BANK, INC.

Conttribution margin income statement

For the current year

4.

5.

Number of Canoes produced and sold 490 640 780 Total costs Variable costs 72,520 94,720 (640*148) 115,440 (780*148) Fixed costs 158,760 158,760 158,760 Total costs 231,280 253,480 274,200 Cost per unit Variable cost per unit 148 148 148 Fixed cost per unit 324 248.06 203.54 Total cost per unit 472 396.06 351.54

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