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Riverside Inc. makes one model of wooden canoe. Partial Information for It follows: Number of Canoes Produced and Sold 495 645 795 $ 71,775 149,380
Riverside Inc. makes one model of wooden canoe. Partial Information for It follows: Number of Canoes Produced and Sold 495 645 795 $ 71,775 149,380 $221, 075 ? ? ? Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? ? ? ? ? ? ? ? ? ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $516 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 845 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.) 495 645 795 Number of Canoes Produced and Sold Total Costs Variable Costs s 71.775 149,300 Fixed Costs Total Costs s 221,075 s S 0 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit s 0.00 s 0.00 s 0.00 Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Suppose Riverside sells its canoes for $516 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole percent.) per canoe Unit Contribution Margin Contribution Margin Ratio % Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Next year Riverside expects to sell 845 canoes. Complete the contribution margin income statement for the company. (Round your contribution margin to 2 decimal places.) RIVER SIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income
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