Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number...
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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 550 $ 107,250 $ 247,500 $ 354,750 750 $ 146,258 $ 247,500 $ 393,750 $195.00 450.00 $ 645.00 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit. 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 1,580 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 $130,000 profit. 900 $ 175,500 $ 247,500 $423,000 $195.00 330.00 $ 525.00 $195.00 275.00 $ 470.00 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 550 $ 107,250 $ 247,500 $ 354,750 750 $ 146,258 $ 247,500 $ 393,750 $195.00 450.00 $ 645.00 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit. 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 1,580 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 $130,000 profit. 900 $ 175,500 $ 247,500 $423,000 $195.00 330.00 $ 525.00 $195.00 275.00 $ 470.00
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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