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2 5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement (LO 5-1, 5-5) 2 pot Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 495 645 795 Total costs Variable costs $ 65,340 2 2 Fixed costs 149,900 7 7 Total costs $215,240 Cost per unit Variable cost per unit 2 7 Fixed cost per unit 7 Total cost per unit 7 7 7 Print Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $515 each. Calculate the contribution margin per cance and the contribution margin ratio 4. Next year Riverside expects to sell 845 canoes. Complete the contribution margin income statement for the company, References Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold 495 645 795 Total Costs Variable Costs $ Fixed Costs 65,340 149,900 215,240 $ Total Costs $ 0 $ 0 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 0.00 $ 0.00 $ 0.00 Rome Required 3 > Required Required 3 Required 4 Suppose Riverside sells its canoes for $515 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 per canoe % Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Next year Riverside expects to sell 845 canoes. Complete the contribution margin income statement for the compa your Contribution margin to 2 decimal places.) RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income