Homework 5 0 Help 780 9.09 points Number of Canoes Produced and Sold 548 Total costs Variable costs $ 67,500 $ 77,500 $ 97,500 Fixed costs 150,080 150,000 150,000 Total costs $217,500 $227,500 $247,500 Cost per unit Variable cost per unit $ 125.00 $125.00 $125.00 Fixed cost per unit 272.78241.94192.31 Total cost per unit $ 402.78 $ 366.94 $317.31 Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 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. (Round your unit contribution margin and contribution margin ratio percentage to two decimal places (i.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) ference Scenario 1 Raises Sales Price to $600 per Canon Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio Contribution Margin Income Statement Sales Revenue Variable Costs Contribution Margin