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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 Total costs Variable
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 400 $ 48,000 $120,000 $168,000 600 5 72,000 $120,000 $192,000 Total costs Cost per unit Variable cost per unit Fixed cost per unit $ 120.00 300.00 Total cost per unit $ 420.00 $ 120.00 200.00 $320.00 750 $ 90,000 $120,000 $210,000 $ 120.00 160.00 $ 200.00 cces Sandy Bank sells its canoes for $475 each Required: 1. Suppose that Sondy Bank raises its selling price to $600 per canoe, Calculate its new break-even point in units and in sales dollars. 2. If Sandy Bank sells 660 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $600) 3. Calculate the number of canoes that Sandy Bank must sell at $600 each to generate $100,000 profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required S Suppose that Sandy Bank raises its selling price to $600 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 Break-Evin Sales Revenus Canoes Required 2 >
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