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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

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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 canoeo Produced and sold 480 630 780 2 $ 65,280 149,600 $214,880 2 2 2 2 Total costa Variable costs Pixed costs Total coste Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 2 2 7 2 2 2 2 2 Required: 1. Complete the table 3. Suppose Riverside sells its canoes for $505 each, Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 830 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.) 480 630 780 Number of Canoes Produced and Sold Total Costs Variable Costs Foxed Costs $ 65 280 149,600 Required: 1. Complete the table 3. Suppose Riverside sells its canoes for $505 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 830 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 480 630 780 Total Costs Variable Costs $ 65,280 Fixed Costs 149,600 Total Costs $ 214,880 $ 0 $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 0.00 $ 0.00 $ 0 0.00 Required Required 3 > Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Suppose Riverside sells its canoes for $505 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 % Required 1 Required 3 Required 4 Next year Riverside expects to sell 830 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 nces Contribution Margin Net Operating Income

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