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2) Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 540 620 720 Total costs

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2) Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 540 620 720 Total costs Vartable costs Ftked costs $ 67.500 150,000 $217,500 Total costs Cost per un Vartable cost per unt Fbed cost per unt 2 Total cost per unlt Required: Prepare Riverside's contribution margin income statement for each independent scenario. 1. Riverside raises the sales price to $600 per canoe. 2. Both sales price and variable cost per unit increase by 10 percent 3. Riverside cuts its fixed cost by 20 percent

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