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Sandy Bank, Inc., makes one model of wooden canoe. And, the information for it follows Number of 750 400 600 and sold Total costs costs
Sandy Bank, Inc., makes one model of wooden canoe. And, the information for it follows Number of 750 400 600 and sold Total costs costs $52.000 78,000 97.500 Fixed costs $180.000 $180,000 $180.000 Total costs $232,000 $258,000 $277,500 Cost per unit 130.00 Variable cost per 130.00 130.00 $ unit Fixed cost per 450.00 300.00 unit 240.00 Total cost s 580.00 $ 430.00 370.00 unit Required: 1. Suppose that Sandy Bank raises its selling price to S500 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.) Answer is complete and 48 Canoes 2. If Sandy Bank sells 680 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 Saf 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $100,000 profit (Round your answer to the nearest whole number.)
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