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Calculate the number of canoes that paddle away

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Reference no: EM13523383

Paddle Away, Inc., makes one model of wooden canoe. Partial information for it follows.

Number of canoes produced and sold------490
Total costs
Variable costs ------$73,500
Fixed costs---------159,740

Total costs------------$233,240

Cost per unit
Variable cost per unit------------$150.00
Fixed cost per unit---------------$326.00

Total cost per unit----------------$476.00


1: Suppose that Paddle Away raises its selling price to $710 per canoe. Calculate its new break-even point in units and in sales dollars. (Round your break-even units answer to the next whole number. Round your sales answer to the nearest whole number.

New break-even units :______ canoes
Break-even sales: $______

2: If Paddle Away sells 690 canoes, compute its margin of safety in dollars and as a percentage of sales. (Use the new sales price of $710.) (Round margin of safety to the nearest whole number. Round percentage of sales to 2 decimal places.

Margin of safety: $______
Percentage of sales:______%

3: Calculate the number of canoes that Paddle Away must sell at $710 each to generate $116,000 profit. (Round your answer to the next whole number.)

Reference no: EM13523383

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