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Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per
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 400 600 750 90,000 $93,750 90,000 $183,750 $ 50,000 $75,000 90,000 $140,000 $165,000 $125.00 $ 125.00 $ 125.00 225.00 150.00 120.00 $ 350.00 $ 275.00 $ 245.00 Riverside sells its canoes for $430 each. Next year Riverside expects to sell 1,000 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 to 2 decimal places (i.e..1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Unit Contribution Margin Contribution Margin Ratio Scenario 1 Raises Sales Price to $530 per Canoe % Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Contribution Margin Income Statement Scenario 3 Decrease Fixed Cost by 20 Percent % Contribution Margin Net Operating Income
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