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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 Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Sandy Bank sells its canoes for $375 each. 400 $ 50,000 $ 90,000 $ 140,000 $ 125.00 225.00 $ 350.00 700 X Canoes 600 $ 75,000 $ 90,000 $ 165,000 Required 2 $ 125.00 150.00 $ 275.00 Complete this question by entering your answers in the tabs below. 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 670 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 $100,000 profit. X Answer is complete but not entirely correct. 750 $ 93,750 $ 90,000 $ 183,750 $125.00 120.00 $ 245.00 Required 1 Required 2 Required 3 Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $100,000 profit. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number. Target Sales Units Required 3>

Sandy Bank, Incorporated, makes one model of wooden canoe: And, the information for it follows: 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 670 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 $100,000 profit. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $100,000 profit. Note: Do not round your intermediate calculations, Round your answer to the nearest whole number

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