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E 5 - 1 8 ( Algo ) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [ LO 5 - 5 ]

E5-18(Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5]
Riverside Incorporated makes one model of wooden canoe. Partial information for it follows:
\table[[Number of Canoes Produced and Sold,550,750,900],[Total costs,,,],[Variable costs,112,750,$153,750,$184,500
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