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Posted on Sep 14, 2024

515 Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canses Produced and sold 665 815 Total costs Variable

515 Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canses Produced and sold 665 815 Total costs Variable costs $ 71,585 7 7 Fixed costs 148, 400 7 7 Total costs $219,985 7 7 Cost per unit Variable cost per unit ? ? Fixed cost per unit Total cost per unit 7 7 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $511 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) 515 665 815 $ Number of Canoes Produced and Sold Total Costs Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost per Unit 71,585 148,400 219,985 $ $ 0 $ 0 omework Help Save Chee 30 148 400 $219,985 7 watu Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 7 7 2 ? 7 7 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $511 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin Income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) 515 665 815 Number of Canoes Produced and Sold Total Costs Variable Costs Fixed Costs $ 71,585 148,400 219,985 $ $ 0 $ 0 Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 0.00 $ 0.00 $ 0.00 Required 3 > Quesdan ch homework Cent omework $ 71,585 148,400 $219,985 Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit MAAN 7 2 2 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $511 each. Calculate the contribution margin per canoe and the contribution margin 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Suppose Riverside sells its canoes for $511 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole percent.) Unit Contribution Margin Contribution Margin Ratio per canoe % 5 Homework Help Total cost per unit Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $511 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. (Round your contribution margin to 2 decimal places.) RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income