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Need some help on this 3 part question. Thank you. Riverside Inc, makes one model of wooden canoe. Partial information for it follows: Number of
Need some help on this 3 part question. Thank you.
Riverside Inc, makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 490 640 790 Total costs Variable costs $ 67,130 7 ? Fixed costs 148,400 2 ? Total costs $215,530 ? ? Cost per unit Variable cost per unit ? ? ? Fixed cost per unit 2 7 2 Total cost per unit ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $502 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 840 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.) 490 640 790 $ 67,130 148,400 Number of Canoes Produced and Sold Total Costs Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 215.530 Required Required 3 > Riverside Inc, makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 490 640 790 Total costs Variable costs $ 67,130 ? 7 Fixed costs 148,400 ? ? Total costs $215,530 ? 2 Cost per unit Variable cost per unit ? ? 2 ? Fixed cost per unit ? 7 Total cost per unit ? ? 7 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $502 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 840 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 Suppose Riverside sells its canoes for $502 each. Calculate the contribution margin per can ratio. (Round your contribution margin to the nearest whole dollar and your contribution m percent.) per canoe Unit Contribution Margin Contribution Margin Ratio % Riverside Inc, makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 490 640 790 Total costs Variable costs $ 67, 130 7 2 Fixed costs 148,400 7 ? Total costs $215,530 ? 7 Cost per unit Variable cost per unit ? ? 2 Fixed cost per unit 2 ? 2 Total cost per unit 7 7 7 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $502 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 840 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 Next year Riverside expects to sell 840 canoes. Complete the contribution margin income s your Contribution margin to 2 decimal places.) RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income Step by Step Solution
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