Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sandy Bank, Inc., makes one model of wooden cance and the information for it follows: 600 800 950 Number of Conces produced and sold Total
Sandy Bank, Inc., makes one model of wooden cance and the information for it follows: 600 800 950 Number of Conces 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 $129,000 $220,000 5357.000 $122,000 $225,000 $400,000 $204,250 $228,000 5432,250 $215.00 380.00 $ 595.00 5 215.00 285.00 $ 500.00 $ 215.00 240.00 5455.00 Sandy Bank sells its canoes for $375 each Required: 1. Suppose that Sondy Bank totes its selling price to $500 per canoe Calculate its new break-even point in units and in sales dollars. 2. Sandy Bank sells 1620 canoes, compute its margin of safety in dollars and as a percentage of soles (Use the new soles price of $500) 3. Calculate the number of cances thor Sandy Bank must sell at $500 each to generate $140,000 profit Complete this question by entering your answers in the tabs below. Required: Required 2 Required Suppose that Sandy Bank raises its selling price to $500 per canoo. 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 Unte Breas Events Revenue Canoes Required 2 >
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started