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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 550 750 900 Total costs Variable

Riverside Inc. makes one model of wooden canoe. Partial information for it follows:

Number of Canoes Produced and Sold 550 750 900
Total costs
Variable costs $ 107,250 $ 146,250 $ 175,500
Fixed costs 247,500 247,500 247,500
Total costs $ 354,750 $ 393,750 $ 423,000
Cost per unit
Variable cost per unit $ 195.00 $ 195.00 $ 195.00
Fixed cost per unit 450.00 330.00 275.00
Total cost per unit $ 645.00 $ 525.00 $ 470.00

Riverside sells its canoes for $750 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riversides contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riversides original data. (Round your unit contribution margin and contribution margin ratio to two decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.)

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