Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 505 655 805 2 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 69,185 148,400 $217,585 2 ? 2 2 ? ? 2 ? ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $505 each Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 855 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.) 505 655 Number of Canoes Produced and Sold Total Costs BOS Variable Costs 5 69,105 148 400 $ 2175855 015 0 Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 5 0.00 0005 0.00 Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 505 655 805 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 69,155 143,460 $217,585 2 2 2 2 ? 2 2 Required: 1. Complete the table 3. Suppose Riverside sells its canoes for $505 each Calculate the contribution margin per canoe and the contribution margin ratio 4. Next year Riverside expects to sell 855 cances 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 1 Suppose Riverside sells its canoes for SSos 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 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 69,185 148,40 $217,585 2 ? > Required: 1. Complete the table 3. Suppose Riverside sells its canoes for $505 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 855 canoes Complete the contribution margini Income statement for the company Complete this question by entering your answers in the tabs below. Required 1 Required Required 4 Next year Riverside expects to sell 855 canoes. Complete the contribution margin income statement for the company (Round your contribution margin to 2 decimal places) ces RIVERSIDE INC Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income
