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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Riverside sells its canoes for $750 each. Next year Riverside expects to
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Riverside sells its canoes for $750 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 1234 should be entered as 12.34% ) and all other answers to the nearest dollar amount.) \begin{tabular}{|l|l|l|l|l|l|l|} \hline & Scenario1RaisesSalesPriceto$850perCanoe & Scenario2IncreaseSalesPriceandVariableCostperUnitby10Percent & \multicolumn{2}{c|}{Scenario3DecreaseFixedCostby20Percent} \\ \hline Unit Contribution Margin & & & & & & \\ \hline Contribution Margin Ratio & & % & & % & & \\ \hline & Contribution Margin Income Statement & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline Contribution Margin & & & & & & \\ \hline \end{tabular}
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