Sandy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: 500 700 850 Number of canoes produced and sold Total costs Variable costs Fixed costs $ 85,000 $ 238,000 $323,000 $119,000 $238,000 $357,000 $ 144,500 $ 238,000 $382,500 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 170.00 476.00 $ 646.00 $ 170.00 340.00 $ 510.00 $ 170.00 280.00 $ 450.00 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 1,530 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 $120,000 profit. 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.) New Break-Even Units Canoes Break-Even Sales Revenue Required 1 Required 2 > Required 1 Required 2 Required 3 If Sandy Bank sells 1,530 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 %