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Sandy Bank, Inc., makes one model of wooden canoe, and the information for it follows: 450 650 800 $ 63,000 $187.200 $250,200 $ 91,000 $187,200 $278, 200 $112,000 $187,200 $299,200 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 $ 140.00 416.00 $ 556.00 $140.00 288.00 $ 428.00 $ 140.00 234.00 $ 374.80 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 700 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 $110,000 profit. 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 700 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 $110,000 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. (Do not round Intermediate calculations. Round your final answers to nearest whole number.) Canoes New Break Even Units Break-Even Sales Revenue Required 2 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 700 canoes, compute its margin of safety 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 $110,000 profit. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 If Sandy Bank sells 700 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 % 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 700 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 $110,000 profit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of cances that Sandy Bank must sell at $500 each to generate $110,000 profit. (Do not round your intermediate calculations. Round your answer to the nearest whole number) Canoes Torget Sales Units