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please solve this problem 5-17 (Algo) Determining Cost Behavior, Preparing Contri Riverside Inc. makes one model of wooden canoe. Partial information for Number of Canoes
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5-17 (Algo) Determining Cost Behavior, Preparing Contri Riverside Inc. makes one model of wooden canoe. Partial information for Number of Canoes Produced and Sold 470 620 770 Total costs Variable costs $ 63,920 ? ? Fixed costs 148, 100 ? ? Total costs $212,020 ? ? 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 $515 each. Calculate the contrib 4. Next year Riverside expects to sell 820 canoes. Complete the contribu Preparing Contribution Margin Income Statement (LO 5-1, 5-5] e. Partial information for it follows: coduced and Sold 620 770 ??? ? ? ? ? ? ? ? 2 ? ach. Calculate the contribution margin per canoe and the contribution margin ratio. es. Complete the contribution margin income statement for the company, mswers in the tabs below. Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) 470 620 770 $ $ 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 63,920 148+00 212,020 $ $ 0 $ 0.00 0.00 $ 0.00 Reclich Required 3 > Complete this question by entering your answers in the tabs be Required 1 Required 3 Required 4 Suppose Riverside sells its canoes for $515 each. Calculate the contribut ratio. (Round your contribution margin to the nearest whole dollar and yo percent.) Unit Contribution Margin Contribution Margin Ratio per canoe % Step by Step Solution
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