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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. 450 $ 69,750 $ 468,000 $ 537,750 $ 155.00 1,040,00 $ 1.195.00 650 $100,750 $ 465,000 $568,750 $ 155.00 720.00 $ 875.00 800 $ 124,000 $ 468,000 $ 592,000 $ 155.00 585.00 $ 740.00 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 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 price of $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110.000 profit Complete this question by entering your answers in the tabs below.

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 $ 69,750 $ 468,000 $ 537,750 $ 155.00 1,040,00 $ 1.195.00 650 $100,750 $ 465,000 $568,750 $ 155.00 720.00 $ 875.00 800 $ 124,000 $ 468,000 $ 592,000 $ 155.00 585.00 $ 740.00 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 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 price of $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110.000 profit Complete this question by entering your answers in the tabs below.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 450 $ 69,750 $ 468,000 $ 537,750 $ 155.00 1,040.00 $ 1.195.00 650 $ 100,750 $ 468,000 $568,750 $155.00 220,00 $ 875.00 800 $ 124,000 $ 468,000 $ 592,000 $155.00 585.00 $ 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 Ba sells 1,500 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 $110.000 profit Complete this question by entering your answers in the tabs below.
Transcribed Image Text: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 450 $ 69,750 $ 468,000 $ 537,750 $ 155.00 1,040.00 $ 1.195.00 650 $ 100,750 $ 468,000 $568,750 $155.00 220,00 $ 875.00 800 $ 124,000 $ 468,000 $ 592,000 $155.00 585.00 $ 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 Ba sells 1,500 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 $110.000 profit Complete this question by entering your answers in the tabs below.
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 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 $110,000 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 to $500 per canoe. Calculate its new break-even point in units and in sales dollars. Note: Do not round intermediate calculations. Round your final answers to nearest whole number. New Break-Even Units Break-Even Sales Revenue ********* Required 1 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 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 $110.000 profit. Required 2 Complete this question by entering your answers the tabs below. Required 3 Canoes Margin of Safety in dollar sales Margin of Safety as Percentage of Sales If Sandy Bank sells 1,500 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500) Note: Do not round intermediate calculations. Round your answers to the nearest whole number. < Required 1 Required 2 > Required 1 Required 2 Required 3. Required 3 > 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. 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 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 $110,000 profit. Canoes $ 537,750 $ 155.00 1,040.00 $1,195.00 $ 568,750 Complete this question by entering your answers in the tabs below. $ 155,00 720.00 $875.00 80,000 $ 592,000 $ 155.00 585.00 $ 740.00 Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number. Target Sales Units
Transcribed Image Text: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 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 $110,000 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 to $500 per canoe. Calculate its new break-even point in units and in sales dollars. Note: Do not round intermediate calculations. Round your final answers to nearest whole number. New Break-Even Units Break-Even Sales Revenue ********* Required 1 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 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 $110.000 profit. Required 2 Complete this question by entering your answers the tabs below. Required 3 Canoes Margin of Safety in dollar sales Margin of Safety as Percentage of Sales If Sandy Bank sells 1,500 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $500) Note: Do not round intermediate calculations. Round your answers to the nearest whole number. < Required 1 Required 2 > Required 1 Required 2 Required 3. Required 3 > 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. 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 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 $110,000 profit. Canoes $ 537,750 $ 155.00 1,040.00 $1,195.00 $ 568,750 Complete this question by entering your answers in the tabs below. $ 155,00 720.00 $875.00 80,000 $ 592,000 $ 155.00 585.00 $ 740.00 Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number. Target Sales Units
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