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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 505 655 805 Total costs S
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 505 655 805 Total costs S 71,205? Variable costs Fixed costs Total costs Cost per unit 19,805 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 505 655 805 Total Costs Variable Costs S 71,205 148,600 S 219,805 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 $504 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 Next year Riverside expects to sel855 canoes, Compiete the comtibution margin incom statement for he company RIVERSIDE INC Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income
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