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Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold 545 695 845 Total costs Variable
Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold 545 695 845 Total costs Variable costs Fixed costs S 71,395 148.600 $219,995 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 545 695 845 Total Costs 71 148 219 Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 3. Suppose Riverside sells its canoes for $518 each. Calculate the contribution margin per canoe and the contribution margin ratio Unit Contribution Margin Contribution Margin Ratio 4. Next year Riverside expects to sell 895 canoes. Complete the contribution margin income statement for the company RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income
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