Riverside Inc. makes one model of wooden canoe. Partial information for it follows:

Number of Canoes Produced and Sold

540

690

840

Total costs

Variable costs

$

76,140

?

?

Fixed costs

149,300

?

?

Total costs

$

225,440

?

?

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 $506 each. Calculate the contribution margin per canoe and the contribution margin ratio.

4. Next year Riverside expects to sell 890 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 890 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

Required 3

Required 4

please help! will rate!

2 Riverside Inc, makes one model of wooden canoe. Partial information for it follows: 2 points 8 1721 Number of cances Produced and sold 540 690 840 Total costo Variable costi $ 76,140 2 2 Fixed costs 149.300 7 7 Total costa $225,440 2 2 cont per unit Variable cost per unit 2 2 2 Fixed cost per unit 2 Total cost per unit 2 2 2 adook Hint Required: 1. Complete the table 3. Suppose Riverside sells its canoes for $506 each. Calculate the contribution margin per cance and the contribution margin ratio. 4. Next year Riverside expects to sell 890 canoes. Complete the contribution margin income statement for the company Complete this question by entering your answers in the tabs below, References 540 Required: Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Cance Produced and sold 600 040 Total Costs Variable Costs 78,140 Fixed Costs 149,300 Total Costs $ 225,440 Cost per Unit Variable Cost per Unit Food Cost per Unit Total Cost per Unit Required 1 Required 3 Required 4 Suppose Riverside sells its canoes for $506 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole percent.) Unit Contribution Margin Contribution Margin Ratio per canon % Next year Riverside expects to sell 890 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