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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 530 680 830 Total costs $73,670
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 530 680 830 Total costs $73,670 148,300 $221,970 Variable costs Fixed costs 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 530 680 830 and Sold Total Costs 73,670 148,300 $ 221,970 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 $510 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 880 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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