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ces Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 450 650 800 Total
ces Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 450 650 800 Total costs Variable costs $ 72,000 Fixed costs 187,200 $104,000 187,200 $128,000 187,200 Total costs $259,200 $291,200 $315,200 Cost per unit Variable cost per unit Fixed cost per unit 288.00 Total cost per unit $ 160.00 $ 160.00 $ 160.00 416.00 234.00 $ 576.00 $448.00 $ 394.00 Riverside sells its canoes for $680 each. Next year Riverside expects to sell.1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Unit Contribution Margin Contribution Margin Ratio Scenario 2 Increase Scenario 1 Raises Sales Price to $780 per Canoe Sales Price and Variable Cost per Unit by 10 Percent % Contribution Marain Income Statement % Scenario 3 Decrease Fixed Cost by 20 Percent %
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