Sandy Bank, Inc, makes one model of wooden canoe, and the information for it follows: 450 650 500 Number of cances produced and sold Total costo Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 63,000 517200 5250,200 $1,000 3187 200 $275,200 $112,000 $167,200 $299,200 $140.00 $140.00 260.00 $4211.00 $140.00 214.00 5374.00 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. Il Sandy Bank sells 700 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 $110.000 profit. Complete this question by entering your answers in the tabs below. Required Required 2 Required dollars (Do not round Intermediate calculations. Round your final answers to nearest whole number) Suppose that Sandy Bank raises its selling price to $500 per cance Calculate its new break even point in units and in sales Innect Assignment Saved 5250,200 $278,200 $299,200 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $140.00 416.00 $ 556.00 $ 140.00 288.00 $ 428.00 $140.00 234.00 $ 374.00 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 dolla 2. If Sandy Bank sells 700 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price o $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 2 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.) Now Break Even Units Break Even Sales Revenue Canoes Red Required 2 > Connect Assignment Saved $250,200 $278,200 $299,200 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $140.00 416.00 $ 556.00 $140.00 288.00 $ 428.00 $140.00 234.00 $ 374.00 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 700 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 2 Required 3 If Sandy Bank solls 700 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 $250, 200 $278,200 $299,200 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $140.00 416.00 $ 556.00 $140.00 288.00 $.423.00 $140.00 234.00 $ 374.00 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 700 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 profil Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit. (Do not round your intermediate calculations. Round your answer to the nearest whole number) Targot Sales Units Canoes
