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Riverside Inc. makes one model of wooden canoe. Partial Information for It follows: Number of Canoes Produced and sold 52e 678 828 $ 76,96 148,360
Riverside Inc. makes one model of wooden canoe. Partial Information for It follows: Number of Canoes Produced and sold 52e 678 828 $ 76,96 148,360 $225,260 ? ? Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? ? 2 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $507 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 question by entering your answers tabs below. Required 1 Required Required 4 520 Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold 670 820 Total Costs Variable Costs S 78,960 Fixed Costs 148,300 Total Costs S 225,260 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit Suppose Riverside sells its canoes for $507 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 canoe %. Next year Riverside expects to sell 870 canoes. Complete the contribution margin income statement for the company. your Contribution margin to 2 decimal places.) RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income
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