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Check m Riverside Inc, makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 540 620 780 Total

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Check m Riverside Inc, makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 540 620 780 Total costs Variable costs $ 67,500 $ 77,50 $ 97,500 Fixed costs 150,000 150,000 150.ee Total costs $217,500 $227,500 $247,500 Cost per unit Variable cost per unit $ 125.00 $ 125.00 $125.00 Fixed cost per unit 277.78 241.94 192.31 Total cost per unit $402.78 366.94 $317.31 Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 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.) 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 (l.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $600 per Canon Scenario 2 Increase Bales Price and Variable Cost per Unit by 10 Porcent Scenario 3 Decrease Fixed Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio % % Contribution Margie Income Statement Contribution Margin Net Operating Income

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