E$5-17($Algo$)$ Determining Cost Behavior, Preparing Contribution Margin Income Statement $[$LO $5-1,5-5]$

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

Number of Canoes Produced and Sold $475625775$

Total costs

Variable costs $ $62,225??$

Fixed costs $149,500??$

Total costs $ $211,725??$

Cost per unit

Variable cost per unit $???$

Fixed cost per unit $???$

Total cost per unit $???$

Required:

$1.$ Complete the table.

$3.$ Suppose Riverside sells its canoes for $$500$ each. Calculate the contribution margin per canoe and the contribution margin ratio.

$4.$ Next year Riverside expects to sell $825$ canoes. Complete the contribution margin income statement for the company.