me-work X o.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/questio e-work i Saved E6-6 (Algo) 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. and, the information for it follows: Number of canoes produced and sold 550 750 900 Total costs Variable costs $112 , 750 $153 , 750 $184 , 500 Fixed costs $148 , 500 $148 , 500 $ 148 , 500 Total costs $261, 250 $302 , 250 $333, 000 Cost per unit Variable cost per unit $ 205 .00 $ 205.00 $ 205.00 Fixed cost per unit 270 .00 198 .00 165 . 00 Total cost per unit $ 475.00 $ 403.00 $ 370.00 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 1,600 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 $130,000 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.) New Break-Even Units Canoes Break-Even Sales Revenue Required Required 2 > 1,616 W MacBook Pro F Q Search Default + @ # $ % N 3 4 8 9e-work mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/ac -work i Saved E6-6 (Algo) 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. and, the information for it follows: Number of canoes produced and sold 550 750 900 Total costs Variable costs $112 , 750 $153, 750 $ 184 , 500 Fixed costs $148, 500 $148, 500 $148, 500 Total costs $261 , 250 $302, 250 $333, 000 Cost per unit Variable cost per unit $ 205.00 $ 205.00 $ 205.00 Fixed cost per unit 270.00 198 . 00 165.00 Total cost per unit $ 475.00 $ 403.00 $ 370.00 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 1,600 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 $130,000 profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If Sandy Bank sells 1,600 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 % MacBook Pro-work heducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/a work i Saved E6-6 (Algo) 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. and, the information for it follows: Number of canoes produced and sold 550 750 900 Total costs Variable costs $112 , 750 $153 , 750 $184, 500 Fixed costs $148 , 500 $148 , 500 $148, 500 Total costs $261, 250 $302, 250 $333, 000 Cost per unit Variable cost per unit $ 205.00 $ 205.00 $ 205 .00 Fixed cost per unit 270 .00 198 .0 165 . 00 Total cost per unit $ 475. 00 $ 403.00 $ 370.00 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 1,600 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 $130,000 profit. 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 $130,000 profit. (Do not round your intermediate calculations. Round your answer to the nearest whole number.) Target Sales Units Canoes MacBook Pro