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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Riverside Inc. makes one model of wooden canoe. Partial information for it
Riverside Inc. makes one model of wooden canoe. Partial information for it follows:
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 455 605 755 Total costs Variable costs Fixed costs $ 65,520? 149,200 ? $214,720 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 455 605 755 and Sold Total Costs Variable Costs Fixed Costs 65,520 149,200 S 214,720 Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 3. Suppose Riverside sells its canoes for S504 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.) Unit Contribution Contribution Margin Ratio 4. Next year Riverside expects to sell 805 canoes. Complete the contribution margin income statement for the company. RIVERSIDE IN Contribution Margin Income Statement For the Next Year Contribution Margin Net OperatingStep by Step Solution
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