Sandy Bank, Inc, makes one model of wooden canoe, and the information for It follows: 600 300 950 Number of cances produced and sold Total costs Variable costs Bed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $129,000 $228,000 5357,000 $172,000 $225,000 $400,000 $204,250 $228,000 $432,250 $ 215.00 380.00 $ 595.00 $ 215.00 285.00 5.500.00 $ 215.00 240.00 $455.00 Sandy Bank sells its canoes for $375 each Required: 1. Suppose that Sandy Bank talses its selling price to $500 per cance Calculate its new break even point in units and in sales dollars. 2. 1 Sandy Bank sells 1,620 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 ot 5500 each to generate $140,000 profit hoes Complete this question by entering your answers in the tabs below. Required Required 2 Required Suppose that Sandy Bank rises 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 Broak Even Units Break Evers Sales Revenue Cances Required 2 > Sandy Bank, Inc, makes one model of wooden canoe, and the information for it follows: 600 800 950 tumber of cances produced and sold Toral costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $129,000 $220.000 $357,000 $172,000 $228,000 $400,000 $204,250 $220,000 $432,250 5.215.00 380.00 $ 595.00 $ 215.00 285.00 $ 500.00 $ 215.00 240.00 $ 455.00 Sandy Bank sells its canoes for $375 each Required: 1. Suppose that Sandy Bank talses its selling price to $500 per canoe Calculate its new break-even point in units and in sales dollars. 2. If Sandy Bank sells 1620 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 $140.000 profit ces Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 I Sandy Bank sells 1,620 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 Sandy Bank, Inc, makes one model of wooden canoe, and, the information for it follows: 600 800 950 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 $129,000 $228.000 3357,000 $172,000 $223,000 $400,000 $204,250 $228,000 $432,250 $ 215.00 380.00 $ 595.00 $ 215.00 285.00 $ 500.00 $ 215.00 240.00 $ 455.00 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 1620 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 $140,000 profit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the number of cances that Sandy Bank must sell at $500 each to generate $140,000 profit. (Do not found your Intermediate calculations. Round your answer to the nearest whole number) Targol Sales Units Canoes
