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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Requirec Complete the Riverside's contribution margin income statement for each independent scenario.
Riverside Inc. makes one model of wooden canoe. Partial information for it follows:
Requirec 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 two decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $560 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Scenario 3 Decrease Fixed Cost by 20 Percent Percent Unit Contribution Margin Contribution Margin Ratio Contribution Margin Income Statement Contribution Margin Net Operating IncomeStep by Step Solution
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