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: Nanber of cances Produced and sold 510 660 810 Total costs Variable costs $ 75,990 ? Fixed costs 148,800 2 Total costs $224,790 2 Cost per unit Variable coat per unit 2 Fixed cost per unit Total cost per unit ? 2 2 2 2 2 2 ? 7 2 Required: 1. Complete the table 3. Suppose Riverside sells its canoes for $504 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 860 canoes. Complete the contribution margin income statement for the company. 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 510 660 810 $ Variable Costs Fixed Costs 75,990 148,800 224,790 Total Costs $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit Suppose Riverside sells its canoes for $504 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 % Next year Riverside expects to sell 860 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