(15 points) 1 Saved Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: 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 850 $157,250 $ 178,500 $ 335,750 500 700 $ 92,500 $ 178,500 $ 271,000 $ 129,500 $ 178,500 $ 308,000 $ 185.00 357.00 $ 185.00 255.00 $ 185.00 210.00 $ 542.00 $ 440.00 $ 395.00 Sandy Bank sells its canoes for $375 each. Required: 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars. 2. If Sandy Bank sells 1,560 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $120,000 profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars. Note: Do not round intermediate calculations. Round your final answers to nearest whole number. New Break-Even Units Break-Even Sales Revenue Canoes Required Required 2 > He Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold Total costs Variable costs Fixed costs Total costs Cost per unit 700 $ 129,500 $ 178,500 $308,000 500 $ 92,500 $ 178,500 $ 271,000 Variable cost per unit Fixed cost per unit $ 185.00 357.00 $ 185.00 255.00 Total cost per unit $ 542.00 $ 440.00 Sandy Bank sells its canoes for $375 each. Required: 850 $157,250 $ 178,500 $ 335,750 $ 185.00 210.00 $395.00 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars. 2. If Sandy Bank sells 1,560 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $120,000 profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If Sandy Bank sells 1,560 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500) Note: Do not round intermediate calculations. Round your answers to the nearest whole number. Margin of Safety in dollar sales Margin of Safety as Percentage of Sales % Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold Total costs Variable costs Fixed costs Total costs 500 700 $ 92,500 $ 129,500 $ 178,500 $ 271,000 $ 178,500 $ 308,000 $ 185.00 357.00 $ 542.00 $ 185.00 255.00 $ 440.00 Sandy Bank sells its canoes for $375 each. Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 850 $ 157,250 $ 178,500 $ 335,750 $ 185.00 210.00 $395.00 ces Required: 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales dollars. 2. If Sandy Bank sells 1,560 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $120,000 profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $120,000 profit. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number. Target Sales Units Cances < Required 2