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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: table [ [ Number of Canoes Produced and Sold, 5 5
Riverside Inc. makes one model of wooden canoe. Partial information for it follows:
tableNumber of Canoes Produced and Sold,Total costsVariable costs,$$ $Fixed costs,Total costs,$$$Cost per unitVariable cost per unit,$$ $ Fixed cost per unit,Total cost per unit,$$$
Riverside sells its canoes for $ each. Next year Riverside expects to sell 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 decimal places ie should be entered as and all other answers to the nearest dollar amount.
tableScenario Raises Sales Price to $ per Canoe,Scenario Increase Sales Price and Variable Cost per Unit by Percent,tableScenario Decrease Fixed Cost by PercentUnit Contribution Margin,,,Contribution Margin Ratio,Contribution Margin Income StatementContribution Margin,,,Net Operating Income,,,
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