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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs Variable costs Fixed
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required: 525 675 825 $ 72,450 ? ? 149,300 ? ? $221,750 ? ? ? ? ? ? ? 1. Complete the table. 3. Suppose Riverside sells its canoes for $515 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 Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold 525 675 825 Total Costs Variable Costs $ 72,450 $ 93,150 $ 113,850 Fixed Costs 149,300 149,300 149,300 Total Costs $ 221,750 $ 242,450 $ 263,150 Cost per Unit Variable Cost per Unit $ 138.00 $ 138.00 $ 138.00 Fixed Cost per Unit 284.38 221.18 180.97 Total Cost per Unit $ 422 38 S 359.18 $ 318.97 Required Required 3 >
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