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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
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: Required: 1. Complete the table. 2. Suppose Riverside sells its canoes for $511 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. Next year Riverside expects to sell 880 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Complete the table. (Round your cost per unit answers to 2 decimal places.) 1. Lomplete trie tavie. 2. Suppose Riverside sells its canoes for $511 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. Next year Riverside expects to sell 880 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Complete the table. (Round your cost per unit answers to 2 decimal places.) Required: 1. Complete the table. 2. Suppose Riverside sells its canoes for $511 each. Calculate the contribution margin per canoe and the contribution margin ratio. 3. Next year Riverside expects to sell 880 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Suppose Riverside sells its canoes for $511 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.) Next year Riverside expects to sell 880 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Next year Riverside expects to sell 880 canoes. Complete the contribution margin income statement for the company. (Round your Contribution margin to 2 decimal places.)
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