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 $ 69,750 Fixed costs $ 468,000 Total costs $ 537,750 $100,750 $124,000 $468,000 $568,750 $468,000 $592,000 Cost per unit Variable cost per unit $ 155.00 Fixed cost per unit Total cost per unit 1,040.00 $1,195.00 $155.00 720.00 $155.00 585.00 $ 875.00 $ 740.00 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 1,500 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 21 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 i Required 1 Required 2 >