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E5-17 (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

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E5-17 (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: Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $512 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 850 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Complete the table. Note: Round your cost per unt answers to 2 decimal places. 3. Suppose Riverside sells its canoes for $512 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 850 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Complete the table. Note: Round your cost per unit answers to 2 decimal places. Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $512 each. Calculate the contribution margin per canoe and the contribution margin ratic 4. Next year Riverside expects to sell 850 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Suppose Riverside selis its canoes for $512 each. Calculate the contribution margin per canoe and the contribution margin ratio. Note: Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole percent. 3. Suppose Riverside sells its canoes for $512 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 850 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Next year Riverside expects to sell 850 canoes. Complete the contribution margin income statement for the company. Note: Round your Contribution maryin to 2 decimal places

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