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E5-18 (Algo) Calculating Contrlbution Margin and Contrlbutlon Ratlo, Preparing Contrlbutlon Margln Income Statement [LO 5-5] Riverside Incorporated makes one model of wooden canoe. Partial information
E5-18 (Algo) Calculating Contrlbution Margin and Contrlbutlon Ratlo, Preparing Contrlbutlon Margln Income Statement [LO 5-5] Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Riverside sells its canoes for $650 each. Next year Riverside expects to sell 1,000 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. Note: Round your unit contrlbutlon margln and contrlbutlon morgln retlo to 2 declmal places (l.e. 0.1234 should be entered os 12.34% ) and all other answers to the nearest dollar amount
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