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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 400 600 758 Total costs Variable
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 400 600 758 Total costs Variable costs $ 54, eee $ 81, een $101,250 Fixed costs 60, eee 60, eee 60, eee Total costs $114, een $ 141, eee $161,250 Cost per unit Variable cost per unit $ 135.00 $ 135.ee $ 135.90 Fixed cost per unit 150.00 180.00 89.89 Total cost per unit $ 285.00 $ 235.ee $ 215.00 Riverside sells its canoes for $370 each. Next year Riverside expects to sell 1,000 cano 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 to 2 decimal places (I.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $470 per Canoe Scenario 2 Increase Sales Price and Scenario 3 Variable Cost per Decrease Fixed Unit by 10 Percent Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio % % 96 Contribution Margin income Statement Contribution Margin Net Operating Income
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