Sandy Bank, Inc, makes one model of wooden canoe, and the information for it follows: See 700 sse $ 90,000 $119,000 $209,000 $126,000 5119,000 $245,000 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 $153,00 $119.000 $272.000 $180.00 238.00 5.418.00 5 180.00 170.00 $ 350.00 $180.00 140.00 $ 320.00 Sandy Bank sells its canoes for $475 each Required: 1. Suppose that Sandy Bank raises its selling price to $600 per canoe Calculate its new break-even point in units and in sales dollars 2. 1 Sandy Bank sells 1550 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 $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 $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) Canoes New Break Even Units Break-Even Sales Revenue Required 2 > If Sandy Bank sells 1,550 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sates price of $600.) (Round your answers to the nearest whole number.) N Margin of Safety Percentage of Sales % Calculate the number of canoes that Sandy Bank must sell at $600 each to generate $120,000 profit. (Do not round your intermediate calculations. Round your answer to the nearest whole number.) Target Sales Units Canoes