E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5]

E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Inc. makes one model ot wooden canoe. Paial intormation tor it follows: Number of Canoes Produced and Sold 510 660 s 72,420 149,200 $221,620 810 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required: 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) Total Costs Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost per unit Fixed Cost per unit Total Cost per Unit s s s 72,420 149,200 221,620 14210 29286 434.55 s s s s 93,720 149,200 242,920 10973 22616 335.79 s s s 117,860 149,200 267 , 060 89 41 18420 273.61 3. Suppose Riverside sells its canoes tor S509 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole percent.) unit Contribution Margin Contribution Margin Ratio