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Sandy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: 500 700 850 $ 82,500 $17.500 $261.000 $115,500 $178,500 $294,000 $140, 250 $178,500 $318,750 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 $ 165.00 357.00 $ 522.00 $ 165.00 255.00 $ 420.00 $ 165.00 210.00 $ 375.00 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 1,520 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 $120,000 profit Suppose that Sandy Bank raises its selling price to $600 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) 410 Canoes New Break-Even Units Break-Even Sales Revenue $ 246,207 If Sandy Bank sells 1,520 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $600.) (Round your answers to the nearest whole number:) $ Margin of Safety Percentage of Sales 665,793 713% Calculate the number of canoes that Sandy Bank must sell at $600 each to generate $120,000 profit. (Do not round your intermediate calculations. Round your answer to the nearest whole number.) Target Sales Units 686 Canvas