Sandy Bank, Inc, makes one model of wooden canoe, and the information for it follows: 550 750 900 Number of cances produced and sold Total costo Variable costs Fixed costo Total conta Cost per unit Variable cont per unit Pixed cost per unit Total cost per unit $104,500 $198,000 5302,500 3142,500 $198.000 $340,500 $171,000 $190,000 $369,000 $ 190.00 360.00 5 550.00 $ 190.00 264.00 $ 454.00 $190.00 220.00 5.410.00 Sandy Bank sells its canoes for $375 cach. Required: 1. Suppose that Sandy Bank roses its selling price to $500 per canoe Calculate its new break-even point in units and in sales dollars. 2. If Sandy Bank solls 1,570 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price or $500) 3. Calculate the number of cances that Sandy Bank must sell at $500 cach to generate $130,000 profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Suppose that Sandy Bank ralen 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.) Canoes New Break-Even Units Break Even Sales Revenue Sandy Bank, Inc., makes one model of wooden canoe, and the information for it follows: 550 750 900 Number of cances produced and sold Total costs Variable costs Pixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $104,500 $198.000 $302,500 $142,500 $198,000 $340,500 $171,000 $198,000 $369,000 $ 190.00 360.00 $ 550.00 $ 190.00 264.00 $ 454.00 $ 190.00 220.00 $ 410.00 ances 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 1,570 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 $130,000 profit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If Sandy Bank sells 1,570 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 % M Sandy Bank, Inc., makes one model of wooden canoe, and the information for it follows: 550 750 900 Number of canoes produced and sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $104,500 $198.000 $302,500 $142,500 $198.000 $340,500 $171,000 $198.000 $369,000 $ 190.00 360.00 $ 550.00 $190.00 264.00 $ 454.00 $ 190.00 220.00 $ 410.00 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 1,570 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 cances that Sandy Bank must sell at $500 each to generate $130,000 profit, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $130,000 profit. (Do not round your Intermediate calculations. Round your answer to the nearest whole number) Target Unit Canoes
