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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 550 750 900 Total costs Variable
Riverside Inc. makes one model of wooden canoe. Partial information for it follows:
Number of Canoes Produced and Sold | 550 | 750 | 900 | ||||||
Total costs | |||||||||
Variable costs | $ | 110,000 | $ | 150,000 | $ | 180,000 | |||
Fixed costs | 99,000 | 99,000 | 99,000 | ||||||
Total costs | $ | 209,000 | $ | 249,000 | $ | 279,000 | |||
Cost per unit | |||||||||
Variable cost per unit | $ | 200.00 | $ | 200.00 | $ | 200.00 | |||
Fixed cost per unit | 180.00 | 132.00 | 110.00 | ||||||
Total cost per unit | $ | 380.00 | $ | 332.00 | $ | 310.00 | |||
Riverside sells its canoes for $460 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riversides contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riversides original data
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