Ch$5($i$)$

E$5-19($Algo$)$ Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement $[$LO $5-5]$

Riverside Inc. makes one model of wooden canoe. Partial information for it follows:

$\backslash$table$[[$Number of Canoes Produced and Sold,$55,750,900],[$Total costs$],[$Variable costs,$$112,750,$$$153,750,$$$184,500$