Chapter 06 - Homework Sandy Bank, Inc, makes one model of wooden canoe, and the information for it follows: 500 700 850 points Number of cances 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 $92,500 $17, 0 $271,000 $129,500 $17, $300,000 $157,250 178,500 $335,750 185.00 357.00 542.00 $185.00 255.00 40.00 15.00 210.00 $195.00 Sandy Bank sells its canoes for $375 each.. Required: 1. Suppose that Sandy Bank raises its selling price to $500 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 units 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 es he a rs in the tabs below Complete this question by entering your answers in the tabs below. Required 1 Required 2 . Suppose that Sandy Bank raises its selling price to $500 per canoe 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.) New Break Even Uns Break-Even Sales Revenue Required 2 > Chapter 06 - Homework i A. Sandy Bank, Inc., makes one model of wooden cance, and the information for it follows: 500 700 850 . 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 19 $129,500 $157,250 0 $178,500 $178,500 13.108,000 $335,750 .00 $185.00 $185.00 1.00255.00210,00 2.00 3 140,00 $395.00 Sandy Bank sells its canoes for $375 each od 10 Required: 1. Suppose that Sandy Bank raises its selling price to $5 2. If Sandy Bank sells 1560 canoes, compute its margin of $500) 3. Calculate the number of canoes that Sandy Bank must sel se oluliste the mais 1500 canoes, compare antecedentes o per canoe C canoe Calculate its new break-even point in units and in sales dollars. and as a percentage of sales. (Use the new sales price of each to generate $120,000 profit. Complete this question by entering your answers in the tabs below. Required 1 If Sandy Bank sells 1,560 canoes, compute its margin of safety in units 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 Sandy Bank, Inc., makes one model of wooden canoe, and the information for it follows points Number of cances 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 92,500 $178,500 00 $129,500 $178,500 $300,000 $157,258 $178,500 $335,750 20 $185.00 255.00 $ 440.00 $185.00 210.00 $395.00 0 Sandy Bank sells its canoes for $375 each Pro 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 units 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 References 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. (Do not round your Intermediate calculations. Round your answer to the nearest whole number) Targot Sales Units Canoes (Required 2
