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

Number of Canoes Produced and Sold
		545		695		845
Total costs
Variable costs	$	75,755		?		?
Fixed costs		148,300		?		?
Total costs	$	224,055		?		?
Cost per unit
Variable cost per unit		?		?		?
Fixed cost per unit		?		?		?
Total cost per unit		?		?		?

Required:

1. Complete the table.

3. Suppose Riverside sells its canoes for $507 each. Calculate the contribution margin per canoe and the contribution margin ratio.

4. Next year Riverside expects to sell 895 canoes. Complete the contribution margin income statement for the company.

Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 545 695 845 Total costs Variable costs $ 75,755 ? ? Fixed costs 148,300 2 ? Total costs $ 224,055 ? ? Cost per unit Variable cost per unit ? ? ? Fixed cost per unit ? ? ? Total cost per unit ? 2 ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $507 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 895 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.) Number of Canoes Produced and Sold 545 695 845 $ 75,755 148,300 224,055 $ $ 0 $ 0 Total Costs Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 0.00 $ 0.00 $ 0.00 5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement (LO 5-1, 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 545 695 845 Total costs Variable costs $ 75, 755 ? ? Fixed costs 148,300 ? 2 Total costs $ 224,055 ? ? Cost per unit Variable cost per unit 2 ? ? Fixed cost per unit ? ? ? Total cost per unit ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $507 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 895 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 Next year Riverside expects to sell 895 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