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Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold 450 600 750 Total costs Variable
Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold 450 600 750 Total costs Variable costs Fixed costs $ 60,750 148,800 $ 209,550 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold 450 600 750 Total Costs 60,750$81,000 101,250 148,800 $ 209,550$ 229,800$250,050 Variable Costs Fixed Costs 148,800 148,800 Total Costs Cost per Unit 135.0135.00135.00 198.40 $ 465.67 383.00 333.40 Variable Cost per Unit Fixed Cost per Unit 330.67 248.00 Total Cost per Unit 3. Suppose Riverside sells its canoes for $520 each. Calculate the contribution margin per canoe and the contribution margin ratio Unit Contribution Margin$ 385 Contribution Margin Ratio 74 %
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