E6-6 Identifying Break-Even Point, Analyzing How Price Changes Affect Profitability; Calculating Margin of Safety, Target Profit [LO 6-1, 6-2, 6-3, 6-4] Sandy Bank, Inc., makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold Total costs Variable costs Fixed costs $ 48,000$ 72,000 $90,000 120.000 120.000 120.000 Total costs $168,000 $ 192,000 $ 210,000 Cost per unit Variable cost per unit Fixed cost per unit $ 120.00$ 120.00$ 120.00 300.00 200.00 160.00 Total cost per unit $ 420.00 $ 320.00$ 280.00 Sandy Bank sells its canoes for $450 each. Required 1. Suppose that Sandy Bank raises its selling price to $600 per canoe. Calculate its new break-even point in units and in sales dollars. (Round your "Unit" answer to the nearest whole number. Round your intermediate calculations to whole dollars and percentages.) New Break-Even Units Canoes Break-Even Sales Revenue 2. If Sandy Bank sells 660 canoes, compute its margin of safety in dollars and as a percentage of sales (Use the new sales price of $600) (Round your answers to the nearest whole number.) Margin of Safety Percentage of Sales