8. valu 100 points Sandy Bank, Inc., makes one model of wooden canoe. And the information for it follows: 400 600 750 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 $ 67,500 $ 150.000 5217,500 5101 250 5150,000 5251,250 $126,563 5150 000 5276,563 5 168.75 $ 168.75 5 168.75 375.00 250.00 200.00 5 543.75 5 413.75 5 363.75 Sandy Bank sells its canoes for $550 each Required: 1. Suppose that Sandy Bank raises its selling price to $875 per canoe. Calculate its new break-even point in units and in sales dollars. (Round your answers to the nearest whole number.) Canoes New Break-Even Units Break-Even Sales Revenue 2. If Sandy Bank sells 650 canoes, compute its margin of safety in units and as a percentage of sales. (Use the new sales price of $875.) (Round your answers to the nearest whole number.) Margin of Safety Percentage of Sales 5 3. Calculate the number of canoes that Sandy Bank must sell at $875 each to generate $100,000 profit. (Round your answer to the nearest whole number.) Target Sales Units Canoes Hints References eBook & Resources Hint #1 Check my work