Sandy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: Number of canoes produced and sold Total costs Variable costs Fixed costs 500 700 850 Total costs $ 92,500 $178,500 $271,000 $129,500 $157,250 $178,500 $178,500 $308,000 $335,750 Cost per unit Variable cost per unit Fixed cost per unit $ 185.00 357.00 $ 185.00 255.00 Total cost per unit $ 542.00 $ 440.00 $ 185.00 210.00 $395.00 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 1,560 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 $120,000 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: Sandy Bank, Inc., makes one model of wooden canoe, and, the information for it follows: Number of canoes produced and sold Total costs Variable costs Fixed costs $ 92,500 $178,500 500 700 850 $129,500 $157,250 $178,500 $178,500 Total costs $271,000 $308,000 $335,750 Cost per unit Variable cost per unit Fixed cost per unit $ 185.00 357.00 $ 185.00 255.00 $ 185.00 Total cost per unit $ 542.00 $ 440.00 210.00 $ 395.00 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 1,560 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 $120,000 profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If Sandy Bank sells 1,560 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 % Sandy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: Number of canoes produced and sold 500 700 850 Total costs Variable costs Fixed costs $ 92,500 $178,500 Total costs $271,000 $129,500 $157,250 $178,500 $178,500 $308,000 $335,750 Cost per unit Variable cost per unit Fixed cost per unit $ 185.00 357.00 $ 185.00 255.00 $185.00 210.00 Total cost per unit $ 542.00 $ 440.00 $395.00 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 1,560 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 $120,000 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 $120,000 profit. (Do not round your intermediate calculations. Round your answer to the nearest whole number.) Target Sales Units Canoes