Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Total costs Variable...
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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Total costs Variable costs Fixed costs Number of Canoes Produced and Sold 525 675 $ 74,550 825 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 149,900 ? $224,450 ? ? ? ? ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $510 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 875 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Next year Riverside expects to sell 875 canoes. Complete the contribution margin income statement for the company. (Round your Contribution margin to 2 decimal places.) RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Sales Revenue Variable Costs S 446,250 Contribution Margin $ 371,700 Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Total costs Variable costs Fixed costs Number of Canoes Produced and Sold 525 675 $ 74,550 825 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 149,900 ? $224,450 ? ? ? ? ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $510 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 875 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Next year Riverside expects to sell 875 canoes. Complete the contribution margin income statement for the company. (Round your Contribution margin to 2 decimal places.) RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Sales Revenue Variable Costs S 446,250 Contribution Margin $ 371,700
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