Riverside Inc. makes one model of wooden canoe. Partial Information for It follows: Number of Canoes Produced and Sold 480 63e 780 ? ? $ 63,360 148,380 $211,660 ? Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? ? ? ? ? 2 27 ? ? 7 ? Required: 1. Complete the table 3. Suppose Riverside sells its canoes for $617 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 830 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 Complete the table. (Round your cost per unit answers to 2 decimal places.) 480 630 780 $ 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 63,360 148,300 211.660 $ s 5 0 S 0.00 $ 0.00 $ 0.00 Riverside Inc. makes one model of wooden canoe. Partial Information for It follows: Number of Canoes Produced and Sold 489 630 780 ? 7 $ 63,360 148,30 $211.660 1211 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Total cost per unit Fixed cost per unit 2 ? Required: 1. Complete the table. 3. Suppose Riverside sells Its canoes for $617 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 830 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 Suppose Riverside sells its canoes for $517 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. per canoe Unit Contribution Margin Contribution Margin Ratio Number of Canoes Produced and sold 483 630 780 ? Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 63,360 148,360 $211.660 ? 2 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $517 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 830 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 Next year Riverside expects to sell 830 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
