Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 520 670 820 Total costs Variable costs $ 73,840 2 7 Fixed costs 148, 200 2 2 Total costs $ 222,040 7 ? Cost per unit Variable cont per unit 2 2 2 Fixed cost per unit 2 2 2 Total cost per unit 2 2 2 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $509 each Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 870 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 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $509 each. Calculate the contribution margin per canoe and the contributic 4. Next year Riverside expects to sell 870 canoes. Complete the contribution margin income statement for the comp 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 520 670 820 Total Costs Variable costs $ 73,840 Fixed Costs 148,200 Total Costs $ 222,040 $ 0 $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $ 0.00 $ 0.00 $ 0.00 Required 1 Required 3 > Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $509 each. Calculate the contribution margin per canoe and the contribution margin ratio, 4. Next year Riverside expects to sell 870 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 Suppose Riverside sells its canoes for $509 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.) Unit Contribution Margin Contribution Margin Ratio per canon % 1. Complete the table. 3. Suppose Riverside sells its canoes for $509 each. Calculate the contribution margin per canoe and the contributio 4. Next year Riverside expects to sell 870 canoes. Complete the contribution margin income statement for the compa Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Next year Riverside expects to sell 870 canoes. Complete the contribution margin income statement for the company. (Rou your contribution margin to 2 decimal places.) RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income Required 3
