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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 540 620 780 Number of Canoes Produced and sold Total costs Variable

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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 540 620 780 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 $ 67,500 $ 77,500 $ 97,500 150,000 150,000 150,000 $217,500 $ 227,500 $247,500 $ 125.00 277.78 $ 402.78 $ 125.00 241.94 $366.94 $ 125.00 192.31 $317.31 Riverside sells its canoes for $500 each, Next year Riverside expects to sell 700 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio percentage to two decimal places (i.e. 1234 should be entered os 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to 5600 per Cance Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio % Contribution Margin Income Statement Contribution Margin Net Operating Income

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