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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

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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 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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