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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

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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: Number of Canoes Produced and Sold 545 695 $ 80,660 149,000 $229,660 2 845 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $520 each. Calculate the contribution margin per canoe and the contribution margin ratio 4. Next year Riverside expects to sell 895 canoes Complete the contribution margin income statement for the company Complete this question by entering your answers in the tabs below. Required 11 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 Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 545 695 $ 80.660 149.000 $ 229.660 $ 0 $ 845 S 000 $ 0.005 0.00 Beaubad a

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