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Help me figure out contribution margin please! Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and

image text in transcribedHelp me figure out contribution margin please!

Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 505 655 805 $ 74,235 149,000 $223,235 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.) 505 655 805 Number of Canoes Produced and Sold Total Costs $ $ $ Variable Costs Fixed Costs 74,235 149,000 223,235 96,285 149,000 245,285 118,335 149,000 267,335 $ $ $ Total Costs Cost per Unit Variable Cost per Unit $ $ Fixed Cost per Unit 147.00 $ 295.04 442.04 $ 147.00 227.48 374.48 147.00 185.09 332.09 Total Cost per Unit $ $ 3. Suppose Riverside sells its canoes for $518 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 4. Next year Riverside expects to sell 855 canoes. Complete the contribution margin income statement for the company. RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income

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