Sandy Bank, Inc., makes one model of wooden canoe, and, the information for it follows: 500 850 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 $ 82,500 $178,500 $261,000 $115,500 $ 178,500 $ 294,000 $140, 250 $178,500 $318,750 $165.00 357.09 $ 522.89 $ 165.00 255.09 $ 420.ee $ 165.00 210.00 $ 375.00 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 2. If Sandy Bank sells 1,520 canoes, compute its margin of safety in units and as a percentage of sales. (Use the new sales prie $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 5 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 Sanay B in e s one model of wooden canoe and, the information for l ows $82,500 $175,500 Number of cances 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 $115,500 $178,500 5294,000 $140,250 $170,300 $318.750 $ 165.00 $165.00 357.00 $ 522.00 $165.00 255.0 $ 420.00 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. If Sandy Bank sells 1,520 canoes, compute its margin of safety in units 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 If Sandy Bank sells 1,520 cances, compute its margin of safety in units and as a percentage of sales. (Use the new sales price of $600.) (Round your answers to the nearest whole number.) Margin of Safety Percentage of Sales Sandy Bank, Inc, makes one model of wooden cance and the information for it follows: of cances produced and sold $ 32,500 $115, 5140 $17. Variable costs costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 357. 395.00 210.00 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. If Sandy Bank sells 1520 canoes, compute its margin of safety in units 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 5600 each to generate $120,000 profit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required round your Calculate the number of cances that Sandy Bank must sell at $600 each to generate $120,000 profit. (Do Intermediate calculations. Round your answer to the nearest whole number) Target Sales Units
