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 unitSandy Bank sells its canoes for $375 each.450Required 1 Required 2$ 69,750$ 468,000$ 537,750Required 3$ 155.001,040.00$ 1,195.00650$ 100,750$ 468,000$ 568,750$ 155.00720.00$ 875.00Complete this question by entering your answers in the tabs below.800Required:1. Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in sales2. 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$ 155.00585.00$ 740.00Suppose that Sandy Bank raises its selling price to $500 per canoe. Calculate its new break-even point in units and in salesdollars

Name: Sandy Bank, Incorporated, makes one model of wooden canoe. And, the i
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Description: 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 unit

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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 $ 155.00 720.00 $ 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 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 p $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 450 $ 69,750 $ 468,000 $ 537,750 $ 155.00 1,040.00 $ 1,195.00 650 $ 100,750 $ 468,000 $ 568,750 $ 155.00 720.00 $ 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 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 p $500) 3. Calculate the number of canoes that Sandy Bank must sell at $500 each to generate $110,000 profit.

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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