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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 510 660 810 Total costs

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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 510 660 810 Total costs Variable costs $ 70,380 Fixed costs Total costs 149,100 $219,480 ? ? 2 2 Cost per unit Variable cost per unit 2 2 ? Fixed cost per unit 2 ? 2 Total cost per unit 2 2 ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $517 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 860 canoes. Complete the contribution margin income statement for the company.

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