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Sandy Bank, Inc., makes one model of wooden canoe. And, the information for it follows: Number of cances produced and sold Total costs 550 750
Sandy Bank, Inc., makes one model of wooden canoe. And, the information for it follows: Number of cances produced and sold Total costs 550 750 900 Variable costs Fixed costs $107,250 146,260 $175,500 $247,500 $247,500 $247.500 3354,750 393,750 S423,000 Total costs Cost per unit $ 195.00 195.00 S195.00 Variable cost per unit Fixed cost per unit Total cost per unit 450.00 330.00 645.00 525.00 S 470.00 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. (Do not round intermediate calculations. Round your final answers to nearest whole number.) New Break-Even Units Canoes Break-Even Sales Revenue 2. If Sandy Bank sells 1,580 cances, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales prica of $800.) (Round your answers to the nearest whole number.) Margin of Safety Percentage af Sales 3. Calculate the number of canoes that Sandy Bank must sell at $600 each to generate $130,000 profit. (Round your answer to the nearest whole number.) Sales Units Canoes
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