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 Total costs Cost per unit Variable cost per unit Total cost per unit Fixed cost per unit 500 $ 85,000 $238,000 $ 323,000 700 $ 119,000 $238,000 $ 357,000 $ 170.00 340.00 $ 170.00 476.00 $ 646.00 $ 510.00 Sandy Bank sells its canoes for $375 each. 850 $144,500 $238,000 $ 382,500 $170.00 280.00 $ 450.00 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. 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. Note: Do not round intermediate calculations, Round your final answers to nearest whole number. New Break-Even Units Break-Even Sales Revenue Canoes Required T Required 2 > 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 Total costs Cost per unit 500 $ 85,000 $238,000 $ 323,000 850 $ 144,500 $ 238,000 700 $ 119,000 $ 238,000 $ 357,000 $ 382,500 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. Variable cost per unit Fixed cost per unit 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 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 pr $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $120,000 profit Complete this question by entering your answers in the tabs below. es 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) Note: Do not round intermediate calculations. Round your answers to the nearest whole number. Margin of Safety in dollar sales. Margin of Safety as Percentage of Sales 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 Total costs Cost per unit 700 500 850 $ 85,000 $ 238,000 $ 323,000 $ 119,000 $238,000 $357,000 $144,500 $238,000 $ 382,500 Variable cost per unit Fixed cost per unit $170.00 476.00 $170.00 340.00 Total cost per unit $ 646.00 $ 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. 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 $120,000 profit. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number. Target Sales Units Canoes