5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Number of Canoes Produced and Sold 610 460 760 $ 68,540 2 2 148,100 7 7 $216,640 7 2 2 2 ? 7 7 7 7 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $507 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 810 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 41 Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold 460 610 760 1. Complete the table. 3. Suppose Riverside sells its canoes for $507 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 810 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. 11 Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold Total Costs Variable Costs ces Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 460 $ 68,540 148,100 $ 216,640 610, 760 Required 3 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $507 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 810 canoes. Complete the contribution margin income statement for the company. 16:51 Complete this question by entering your answers in the tabs below. onces Required 1 Required 3 Required 4 Suppose Riverside sells its canoes for $507 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 % 1. Complete the table. 3. Suppose Riverside sells its canoes for $507 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 810 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 41 Next year Riverside expects to sell 810 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