Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows:Number of canoes produced and soldTotal costsVariable costsFixed costsTotal costsCost per unitVariable cost per unitFixed cost per unitTotal cost per unitRequired 1Required 2 Required 3$ 52,000$ 180,000$ 232,000400New Break-Even UnitsBreak-Even Sales Revenue$ 130.00450.00$ 580.00Complete this question by entering your answers in the tabs below.Canoes600< Required 1$ 78,000$ 180,000$ 258,000Sandy 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 680 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 $100,000 profit.$ 130.00300.00$ 430.00750Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in salesdollars.Note: Do not round intermediate calculations. Round your final answers to nearest whole number.$ 97,500$ 180,000$ 277,500Required 2 >$ 130.00240.00$ 370.00

Note 1:Sale Price Per unit$500Less: Variable Cost per unit$130Contribution per unit$370Contribution…

Answered: Required: 1. Suppose that Sandy Bank…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Sandy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: Number of canoes produced and sold Total costs 400 600 750 $ 50,000 $ 90,000 $ 75,000 $ 90,000 $ 93,750 $ 90,000 Variable costs Fixed costs Total costs $140,000 $165,000 $183,750 Cost per unit Variable cost per unit Fixed cost per unit $ 125.00 120.00 $ 125.00 $ 125.00 225.00 150.00 Total cost per unit $ 350.00 $ 275.00 $ 245.00 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 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Suppose that Sandy Bank raises its selling price…
Sandy Bank, Inc., makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold 400 600 750 Total costs Variable costs $ 67,500 $ 101,250 $ 126,563 Fixed costs $ 150,000 $ 150,000 $ 150,000 Total costs $ 217,500 $ 251,250 $ 276,563 Cost per unit Variable cost per unit $ 168.75 $ 168.75 $ 168.75 Fixed cost per unit 375.00 250.00 200.00 Total cost per unit $ 543.75 $ 418.75 $ 368.75 Sandy Bank sells its canoes for $550 each. Required: 1. Suppose that Sandy Bank raises its selling price to $675 per canoe. Calculate its new break-even point in units and in sales dollars. 2. If Sandy Bank sells 650 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $675.) 3. Calculate the number of canoes that Sandy Bank must sell at $675 each to generate $100,000 profit.
Sandy Bank, Inc., makes one model of wooden canoe. and, the information for it follows: Number of canoes produced and sold Total costs 450 650 800 Variable costs $ 69,750 $ 468,000 $100,750 $468,000 $124,000 $468,000 Fixed costs $537,750 $568,750 $592,000 Total costs Cost per unit Variable cost per unit Fixed cost per unit $ 155.00 155.00 155.00 720.00 1,040.00 585.00 $ 875.00 Total cost per unit $1,195.00 $ 740.00 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 1,500 canoes, compute its margin of safety in units 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 $110,000 profit.
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. 450 Required 1 Required 2 $ 69,750 $ 468,000 $ 537,750 Required 3 $ 155.00 1,040.00 $ 1,195.00 650 $ 100,750 $ 468,000 $ 568,750 $ 155.00 720.00 $ 875.00 Complete this question by entering your answers in the tabs below. 800 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 2. If Sandy Bank sells 1,500 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales pr $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit. $ 124,000 $ 468,000 $ 592,000 $ 155.00 585.00 $ 740.00 Suppose that Sandy Bank raises its selling…
Riverside Incorporated makes one model of wooden canoe. Partial 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 Unit contribution margin Contribution margin ratio 400 Scenario 1 Raises Sales Price to $760 per Canoe $ 52,000 180,000 $ 232,000 $ 130.00 450.00 $580.00 600 $ 78,000 180,000 $ 258,000 Contribution Margin Income Statement $130.00 300.00 $ 430.00 Riverside sells its canoes for $660 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenarlo. Assuming each scenario is of Riverside's original data. Note: Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 0.1234 should be ente 12.34 %) and all other answers to the nearest dollar amount. Scenario 2 Increase Sales Price and Variable Cost per Unit by 10…
Sandy Bank, Inc., makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold 550 750 900 Total costs Variable costs $ 110,000 $ 150,000 $ 180,000 Fixed costs $ 99,000 $ 99,000 $ 99,000 Total costs $ 209,000 $ 249,000 $ 279,000 Cost per unit Variable cost per unit $ 200.00 $ 200.00 $ 200.00 Fixed cost per unit 180.00 132.00 110.00 Total cost per unit $ 380.00 $ 332.00 $ 310.00 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. (Do not round intermediate calculations. Round your final answers to nearest whole number.) 2. If Sandy Bank sells 1,590 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.) 3. Calculate the number of…
Riverside Incorporated makes one model of wooden canoe. Partial 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 Unit contribution margin Contribution margin ratio i Contribution margin Net operating income 550 Scenario 1 Raises Sales Price to $560 per Canoe $ 110,000 99,000 $ 209,000 $ 200.00 180.00 $ 380.00 750 $ 150,000 99,000 $ 249,000 Riverside sells its canoes for $460 each. Next year Riverside expects to sell 1,000 canoes Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. Note: Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 0.1234 should be entered as 12.34%) and all other answers to the nearest dollar amount. Contribution Margin Income Statement $ 200.00 132.00 $ 332.00…
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs Variable costs Fixed costs 550 750 900 $110,000 99,000 $150,000 $180,000 99,000 $209,000 $249,000 $279,000 99,000 Total costs Cost per unit Variable cost per unit $ 200.00 $ 200.00 132.00 $ 332.00 $ 200.00 Fixed cost per unit 180.00 110.00 Total cost per unit $ 380.00 310.00 Riverside sells its canoes for $460 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 2 Increase Scenario 1 Raises Scenario 3 Sales Price and Variable Cost per Unit by 10 Percent Sales Price to $560 Decrease Fixed per Canoe…
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 455 605 755 Total costs Variable costs $ 65,065 149,700 $214,765 ? Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? ? ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $505 each. Calculate the contribution margin per canoe and the contribution margin rati 4. Next year Riverside expects to sell 805 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold 455 605 755 Total Costs Variable Costs 2$ 65,065 Fixed Costs 149,700 Total Costs $ 214,765 $ $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 0.00 $ 0.00 $ 0.00 Complete this…
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 600 Number of Canoes Produced and Sold 400 Total costs Fixed costs Total costs Variable costs $ 50,000 $ 75,000 90,000 $140,000 90,000 $165,000 Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 125.00 225.00 $ 125.00 150.00 $ 350.00 $ 275.00 750 $ 93,750 90,000 $183,750 $ 125.00 120.00 $ 245.00 Riverside sells its canoes for $430 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Unit Contribution Margin Scenario 1 Raises Sales Price to $530 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent…
Riverside Incorporated makes one model of wooden canoe. Partial information for Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Unit contribution margin Contribution margin ratio Sales revenue Variable costs Contribution margin Fixed costs www Total costs Cost per unit Variable cost per unit $ 210.00 220.00 Fixed cost per unit) Total cost per unit $ 430.00 Riverside sells its canoes for $650 each. Next year Riverside expects to sell 1,000 canoes Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. Note: Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 0.1234 should be entered as 12.34 %) and all other answers to the nearest dollar amount. Net operating income Scenario 1 Raises Sales Price to $750 per Canoe 550 $ $ 115,500 198,000 $ 313,500 $ 210.00 360.00 $ 570.00 750 $ 157,500 198,000 $ 355,500 540.00…
Check my w Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 505 655 805 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 71,205 149,500 $220,705 ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $506 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 855 canoes. Complete the contribution margin income statement for the company. Complete his question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold 505 655 805 Total Costs Variable Costs 71,205 Fixed Costs 149,500 Total Costs 220,705 $ 0 $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00 2$ 0.00 $ 0.00 ( Prev 2 of 4…

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