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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Cances Produced and Sold 535 685 835 Total costs
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Cances Produced and Sold 535 685 835 Total costs Variable costs Fixed costs $ 79,715 ? ? 149,800 2 ? Total costs Cost per unit $229,515 ? Variable cost per unit ? ? ? Fixed cost per unit 2 ? ? Total cost per unit ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $518 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 885 canoes. Complete the contribution margin income statement for the company.
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