Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

please solve all of them for me Riverside Inc. makes one model of wooden canoe. Partial information for it follows: ? ? ? ? Number

image text in transcribedimage text in transcribedimage text in transcribedplease solve all of them for me

Riverside Inc. makes one model of wooden canoe. Partial information for it follows: ? ? ? ? Number of Canoes Produced and sold 515 665 815 Total costs Variable costs $ 76,220 Fixed costs 148, 200 Total costs $ 224, 420 ? ? Cost per unit Variable cost per unit ? ? Fixed cost per unit ? Total cost per unit ? ? ? ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $513 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 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.) Number of Canoes Produced and Sold 515 665 815 Total Costs Variable Costs $ 76,220 Fixed Costs 148,200 Total Costs $ 224,420 $ 0 $ 0 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 0.00 $ 0.00 $ 0.00 Required 1 Required 3 > Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 2 Number of Canoes Produced and Sold 515 665 815 Total costs Variable costs $ 76,220 ? Fixed costs 148, 200 Total costs $ 224,420 ? Cost per unit Variable cost per unit ? ? Fixed cost per unit Total cost per unit ? ? 2 2 ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $513 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 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 $513 each. Calculate the contribution margin per canoe and the contribution margin (Round your margin to the nearest whole dollar and your contribution margin ratio to the whole 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 515 665 815 Total costs Variable costs $ 76,220 ? Fixed costs 148,200 Total costs $ 224, 420 ? Cost per unit Variable cost per unit ? Fixed cost per unit Total cost per unit ? ? ? 2 ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $513 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 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 865 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Tell what the word schizophrenia means.

Answered: 1 week ago