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Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold Total costs Variable costs

Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold Total costs Variable costs Fixed costs 800 450 650 $ 67,500 $ 374,400 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 441,900 $ 97,500 $ 374,400 $ 471,900 $ 120,000 $ 374,400 $ 494,400 $ 150.00 832.00 $ 982.00 $ 150.00 576.00 $ 150.00 468.00 $ 726.00 $ 618.00 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 900 canoes, compute its margin of safety in dollars 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 $110.000 profit

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