Sandy Bank, Inc,, makes one model of wooden canoe. And, the information for it follows Number of canoes produced and sold Total costs 550 750 900 Variable costs Fixed costs $104,500 $142,500 $171,000 $198,000 $198,000 $198,000 $302,500 $340,500 $369,000 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit s 190.00 190.00 190.00 220.00 454.00 S 410.00 360.00 264.00 $550.00 Required 1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in unts and in sales dollars. (Do not round intermediate your final answers to nearest whole number.) Round New Break-Even Units Canoes Break-Even Sales Revenue 2. If Sandy Bank sells 1,570 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.) 0 Type here to search 659 PM /7/2019 2. If Sandy Bank sells 1,570 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 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $130,000 profit. (Round your answer to the nearest whole number.) Canoes Hints References eBook & Resources Hint #1 Ask your instructor a question Check my work O Type here to search 659 PM /7/2019