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please include working note, thank you so much in advance!! Riverside Inc, makes one model of wooden canoe. Partial information for it follows: 450 650

please include working note, thank you so much in advance!! image text in transcribed
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Riverside Inc, makes one model of wooden canoe. Partial information for it follows: 450 650 800 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 $ 65,250 280,800 $346,050 $ 94,250 280,800 $375,050 $ 116,000 280.800 $ 396,800 $ $ 145.00 624.00 $ 769.00 145.00 432.00 577.00 $ 145.00 351.00 $ 496.00 $ Riverside sells its canoes for $800 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scnario. Assur contribution margin ratio to two decimal places (i.e. .1234 should be entered as 12.34%) and al Scenario 1 Raises Sales Price to $900 per Canoe 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 Contribution Margin Net Operating Income Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 450 650 800 Total costs Variable costs $ 65,250 $ 4,250 $ 110,000 Fixed costs 280,800 280 800 280.800 Total costs $345.00 $375,050 $396,800 Cost per unit Variables per unit $ 145,00 $ 145,00 $ 14500 Fixed cost per unit 524.00 432.00 351.00 Total cost per unit $ 769,00 $ 577,00 $ 496.00 Riverside sells its canoes for $800 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income 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 two decimal places (ie..1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Scenario 2 Increase Sales Price and Variable Cest per Unit by 10 Price to $900 Scenario Decrease Fixed Cost by 20 Percent per Cance Unit Contribution Margin Contribution Margin Ratio Contribution Margin Income Stateme Contribution Margin Net Operating income

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