Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. value: 2.00 points Sandy Bank, Inc., makes one model of wooden canoe. And, the information for it fallows: 550 750 900 $ 110,000 $

image text in transcribed

4. value: 2.00 points Sandy Bank, Inc., makes one model of wooden canoe. And, the information for it fallows: 550 750 900 $ 110,000 $ 99,000 $209,000 $150,000 $ 99,000 $249,000 $180,000 $ 99,000 $279.000 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 S 200.00 180.00 $ 380.00 $ 200.00 132.00 $ 332.00 $ 200.00 110.00 $ 310.00 Required: 1. Suppose that Sandy Bank raises its selling price ta $500 per cance Calculate its new break-even point in units and in sales dollars. (Do not round intermediate calculations. Round your final answers to nearest whole number.) Now Break-even Units Break-Even Sales Revenue 2. If Sandy Bank sells 1,590 canoes, compute its margin of safety in dollars and as a percentage of sales. Use the new sales price of $500.) (Round your answers to the nearest whole number.) Margin of Safety Percentage of Sales 3. Calculate the number of cances that Sandy Bank must sell at $500 sach to generate $130,000 profit. (Round your answer to the nearest whole number.) Target Sales Units Cances

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

to encourage a drive for change by developing new ideas;

Answered: 1 week ago

Question

4 What are the alternatives to the competences approach?

Answered: 1 week ago