Sandy Bank, Inc. makes one model of wooden canoe and, the information for it follows: Number...

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Sandy Bank, Inc. makes one model of wooden canoe and, the information for it follows: Number of cenoes 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 500 $ 87,500 $178,500 $266,000 700 $122,500 $148,750 $178,500 $175,500 $301,000 $327,250 $ 175.00 357.00 $ 532.00 $430.00 New Break-Even Units Break-Even Sales Revenue $175.00 255.00 Sandy Bank sells its canoes for $375 each Required: 1. Suppose that Sandy Bank raises its selling price to $500 per cance Calculate its new break-even point in units and in sales dollars 2. If Sandy Bank sells 1,540 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. Canoes 850 $175.00 210.00 $385.00 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. (Do not round intermediate calculations, Round your final answers to nearest whole number) Chapter 6 Homework 8 points popped eBook Hint Print References Sandy Bank, Inc, 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 790 $122,500 $ 87,500 $170.500 $178.500 $260,000 $301,000 Required 1 500 $ 175.00 $ 175.00 357.00 255.00 $450.00 $532.00 Margin of Safety Percentage of Sales 850 $148,750 $178,500 $327,250 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 1,540 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. $175.00 210.00 $385.00 < Required 1 Required 2 Required 3 If Sandy Bank sells 1,540 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500.) (Round your answers to the nearest whole number.) Seved Required 3 > Chapter 6 Homework 8 1 points Skipped eBook Hint Print References Sandy Bank, Inc, 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 500 850 $145,750 $87,500 $122,500 $178,500 $178,500 $178,500 $266,000 $301,000 $327,250 Required 2 700 Required 3 $175.00 $175.00 255.00 357.00 $ 532.00 $ 430.00 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 1,540 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. $ 175.00 210.00 $385.00 Required 11 Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $120,000 profit. (Do not round your intermediate calculations. Round your answer to the nearest whole number) Target Sales Units Canoes < Required 2 Saved Sandy Bank, Inc. makes one model of wooden canoe and, the information for it follows: Number of cenoes 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 500 $ 87,500 $178,500 $266,000 700 $122,500 $148,750 $178,500 $175,500 $301,000 $327,250 $ 175.00 357.00 $ 532.00 $430.00 New Break-Even Units Break-Even Sales Revenue $175.00 255.00 Sandy Bank sells its canoes for $375 each Required: 1. Suppose that Sandy Bank raises its selling price to $500 per cance Calculate its new break-even point in units and in sales dollars 2. If Sandy Bank sells 1,540 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. Canoes 850 $175.00 210.00 $385.00 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. (Do not round intermediate calculations, Round your final answers to nearest whole number) Chapter 6 Homework 8 points popped eBook Hint Print References Sandy Bank, Inc, 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 790 $122,500 $ 87,500 $170.500 $178.500 $260,000 $301,000 Required 1 500 $ 175.00 $ 175.00 357.00 255.00 $450.00 $532.00 Margin of Safety Percentage of Sales 850 $148,750 $178,500 $327,250 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 1,540 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. $175.00 210.00 $385.00 < Required 1 Required 2 Required 3 If Sandy Bank sells 1,540 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500.) (Round your answers to the nearest whole number.) Seved Required 3 > Chapter 6 Homework 8 1 points Skipped eBook Hint Print References Sandy Bank, Inc, 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 500 850 $145,750 $87,500 $122,500 $178,500 $178,500 $178,500 $266,000 $301,000 $327,250 Required 2 700 Required 3 $175.00 $175.00 255.00 357.00 $ 532.00 $ 430.00 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 1,540 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. $ 175.00 210.00 $385.00 Required 11 Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $120,000 profit. (Do not round your intermediate calculations. Round your answer to the nearest whole number) Target Sales Units Canoes < Required 2 Saved

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