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here is the rest of the information. When I submitted both problems together so that it could be seen together I received an error message
here is the rest of the information. When I submitted both problems together so that it could be seen together I received an error message saying that I could only submit one problem at a time. So I submitted just the bottom part of the problem and then receive that there wasn't enough information.
E5-18 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement Refer to the information presented in E5-17 for Riverside. Each of the following scenarios is a variation of Riverside's original data. Required: Prepare Riverside's contribution margin income statement for each independent scenario, 1. Riverside raises the sales price to $600 per canoe. 2. Both sales price and variable cost per unit increase by 10 percent. 3. Riverside cuts its fixed cost by 20 percent. E5-17 Determining Cost Behavior, Preparing Contribution Margin Income Statement Rivenside Inc. makes one model of wooden canoe. Partial information for it follows: Required: 1. Complete the preceding table. 2. Identify three costs that would be classified as fixed costs and three that would be classificdy variable costs for Riverside. 3. Suppose Riverside sells its canoes for $500 each. Calculate the contribution margin per carac and the contribution margin ratio. 4. Next year Riverside expects to sell 700 canoes. Prepare a contribution margin income stalenci for the company. E5-18 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement Refer to the information presented in E5-17 for Riverside. Each of the following scenarios is variation of Riverside's original data. Required: Prepare Riverside's contribution margin income statement for each independent scenario. 1. Riverside raises the sales price to $600 per canoe. 2. Both sales price and variable cost per unit increase by 10 percent. 3. Riverside cuts its fixed cost by 20 percent Step by Step Solution
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