Fixed cost per unit 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 $215.00 285.00 950 $ 204,250 $ 228,000 $ 432,250 $215.00 240.00 600 800 $ 129,000 $ 228,000 $ 357,000 $ 172,000 $ 228,000 $ 400,000 $ 215.00 380.00 Total cost per unit $ 595.00 $ 500.00 $ 455.00 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 1,620 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 $140,000 profit.