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Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold Total costs 500 700 850 Variable
Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold Total costs 500 700 850 Variable costs Fixed costs S 82,500 S 115.500 140.250 178 500178 500 $281,000 S 204,000 318,750 78500 Total costs Cost per unit Variable cost per unit Fixed cost per unit S 165.00 S 185.00 185.00 Total cost per unit $ 522.00 420.00 375.00 Riverside sells its canoes for S600 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 tvw 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 $700 per Canoe Scenario 2 Increase Sales Price and Variable Cost Scenario 3 Decrease Fixed Cost by 20 Percent per Unit by 10 Percent Unit Contribution Margin Contribution Margin Ratio 535.00 478.50 435.00 78 43 96 7250 % 72.501% Co ales Revenue 00.000 riable Costs 165,000 Contribution Margir S 535.000 Skype xed Costs 178.500 ign n Net Operating ncome 356,500
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