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Sandy Bank, Inc., makes one model of wooden canoe, and, the information for it follows: Number of canoes produced and sold. 450 650 800 Total
Sandy Bank, Inc., makes one model of wooden canoe, and, the information for it follows: Number of canoes produced and sold. 450 650 800 Total costs Variable costs $ 65,250 $ 94,250 $116,000 Fixed costs Total costs $280,800 $346,050 $280,800 $375,050 $280,800 $396,800 Cost per unit Variable cost per unit Fixed cost per unit $ 145.00 624.00 $ 145.00 432.00 $ 145.00 351.00 Total cost per unit $ 769.00 $ 577.00 $ 496.00 ces 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 900 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 nces 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 900 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.) New Break-Even Units Canoes Break-Even Sales Revenue Required T Required 2 > 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 900 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 If Sandy Bank sells 900 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 % k 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 900 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. ht Required 1 Required 2 Required 31 ences Calculate the number of canoes 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.) Target Sales Units Canoes
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