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 850 500 700 $ 85,000 $ 238,000 $ 323,000 $ 119,000 $ 238,000 $ 357,000 $ 144,500 $ 238,000 $ 382,500 $ 170.00 476.00 $ 170.00 340.00 $ 170.00 280.00 $ 646.00 $ 510.00 $ 450.00 Sandy Bank sells its canoes for $375 each. Variable cost per unit Fixed cost per unit Total 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 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