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 500 650 890 $ 68,500 149, eee $217,500 ? ? ? ? ? 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 $506 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 850 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.) Number of Canoes Produced and Sold 500 650 800 Total Costs Variable Costs S 68,500 Fixed Costs 149,000 Total Costs S 217,500 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit Required 1 Required 3 3 Required 4 Suppose Riverside sells its canoes for $506 each. Calculate the contri ratio. (Round your contribution margin to the nearest whole dollar an percent.) per canoe Unit Contribution Margin Contribution Margin Ratio %