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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 800 Total costs $ 124,000 5.468,000 $ 592,000 Variable costs Fixed costs 450 $ 69,750 $ 468,000 $ 537,750 650 $ 155.00 1,040.00 $ 1,195.00 $ 100,750 $ 468,000 $ 568,750 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 $ 155.00 720.00 $ 875.00 $ 155.00 585.00 $.740.00

Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold 800 Total costs $ 124,000 5.468,000 $ 592,000 Variable costs Fixed costs 450 $ 69,750 $ 468,000 $ 537,750 650 $ 155.00 1,040.00 $ 1,195.00 $ 100,750 $ 468,000 $ 568,750 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 $ 155.00 720.00 $ 875.00 $ 155.00 585.00 $.740.00

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 Required 1 Required 2 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. New Break-Even Units Break-Even Sales Revenue Complete this question by entering your answers in the tabs below. Show Transcribed Text Required 3 Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 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 450 $ 69,750 $ 468,000 $ 537,750 Sandy Bank sells its canoes for $375 each. Margin of Safety in dollar sales Margin of Safety as Percentage of Sales $ 155.00 1,040.00 $ 1,195.00 Show Transcribed Text Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit. Total cost per unit Canoes Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold Total costs Sandy Bank sells its canoes for $375 each. 650 $ 100,750 $ 468,000 $ 568,750 Reqhired 3 $ 155.00 720.00 $ 875.00 Canoes Required 2 > 450 $ 69,750 $ 468,000 $ 537,750 <Required 1 $ 155.00 1,040.00 $1,195.00 3 Complete this question by entering your answers in the tabs below. 450 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. $ 124,000 $ 468,000 $ 592,000 $ 69,750 $ 468,000 $ 537,750 <Required 2 Required 1 Requirelt 2 Required 3 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. $ 155.00 1,040.00 $ 1,195.00 800 $ 155.00 585.00 $ 740.00 Ċ Complete this question by entering your answers in the tabs below. $ 100,750 $ 468,000 $ 568,750 Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number of cances produced and sold Total costs $ 155.00 720.00 $ 875.00 650 Required 3 > c 650 $ 100,750 $ 468,000 $ 568,750 $ 155.00 720.00 $875.00 $ 124,000 $.468,000 $ 592,000 800 $ 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 a 500 each to generate $110,000 profit 800 $ 124,000 $ 468,000 $ 592,000 $ 155.00 585.00 $ 740.00 Required 1 Required 2 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: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 Required 1 Required 2 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. New Break-Even Units Break-Even Sales Revenue Complete this question by entering your answers in the tabs below. Show Transcribed Text Required 3 Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 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 450 $ 69,750 $ 468,000 $ 537,750 Sandy Bank sells its canoes for $375 each. Margin of Safety in dollar sales Margin of Safety as Percentage of Sales $ 155.00 1,040.00 $ 1,195.00 Show Transcribed Text Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit. Total cost per unit Canoes Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number of canoes produced and sold Total costs Sandy Bank sells its canoes for $375 each. 650 $ 100,750 $ 468,000 $ 568,750 Reqhired 3 $ 155.00 720.00 $ 875.00 Canoes Required 2 > 450 $ 69,750 $ 468,000 $ 537,750 <Required 1 $ 155.00 1,040.00 $1,195.00 3 Complete this question by entering your answers in the tabs below. 450 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. $ 124,000 $ 468,000 $ 592,000 $ 69,750 $ 468,000 $ 537,750 <Required 2 Required 1 Requirelt 2 Required 3 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. $ 155.00 1,040.00 $ 1,195.00 800 $ 155.00 585.00 $ 740.00 Ċ Complete this question by entering your answers in the tabs below. $ 100,750 $ 468,000 $ 568,750 Sandy Bank, Incorporated, makes one model of wooden canoe. And, the information for it follows: Number of cances produced and sold Total costs $ 155.00 720.00 $ 875.00 650 Required 3 > c 650 $ 100,750 $ 468,000 $ 568,750 $ 155.00 720.00 $875.00 $ 124,000 $.468,000 $ 592,000 800 $ 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 a 500 each to generate $110,000 profit 800 $ 124,000 $ 468,000 $ 592,000 $ 155.00 585.00 $ 740.00 Required 1 Required 2 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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