Homework. Part 2 Seved Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of cances Produced and sold 550 700 850 Total costs Variable costs $ 79,200 2 ? Fixed costs 149,000 2 2 Total costs $228,200 2 2 Cost per unit Variable cont per unit 2 2 2 Fixed cost per unit ? ? 2 Total cost per unit 7 2 7 Required: 1. Complete the table 3. Suppose Riverside sells its canoes for $508 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 900 canoes. Complete the contribution margin income statement for the company, Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) 550 700 850 Number of cances Produced and Sold Total Costs Variable Costs $ 79.2005 149,000 228,200 $ 100,800 $ 149,000 249,8005 122.400 149,000 271,400 $ Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 144.00 s 270.91 414.91 $ 144.00 $ 212.86 356.865 144.00 17529 319.29 $ Required 3 > Riverside Inc. makes one model of wooden canoe. Partial information for It follows: Bamber of cances Produced and so 550 700 850 Total costs Variable costs $ 79,200 2 2 Fixed costs 149,000 2 2 total costs $220,200 2 ? Cost per unit Variable cont per unit 2 Pixed cost per unit 2 Total cost per unit 2 2 7 Required: 1. Complete the table 3. Suppose Riverside seils its cances for $508 cach. Calculate the contribution margin per cance and the contribution margin ratio. 4. Next year Riverside expects to sell 900 canoes. Complete the contribution margin income statement for the company Complete this question by entering your answers in the tabs below. Required 1 Required Required 4 Suppose Riverside sells its canoes for $500 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) Unt Contribution Margin Contribution Margin Ratio per cance Required 1 Required nework Part 2 Number of Canon Produced and sold 550 700 850 Total costs Variable costs $ 79,200 ? 2 Fixed coats 149,000 2 2 Total costs $228,200 7 Coat per unit Variable cont per unit 2 7 2 Tisced cost per unit 2 2 Total cost per unit 2 2 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $508 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 900 canoes. Complete the contribution margin income statement for the company, Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required Next year Riverside expects to sell 900 canoes. Complete the contribution margin income statement for the company. (Round your Contribution margin to 2 decimal places.) RIVERSIDE INC Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income Regred 3
