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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 505 655 805 $ 69.690 148.900
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 505 655 805 $ 69.690 148.900 $218.590 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required: 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) 505 655 805 Number of Canoes Produced and Sold Total Costs Variable Costs Fixed Costs $ 69,690 148,900 218,590 Total Costs $ Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 3. Suppose Riverside sells its canoes for $517 each. Calculate the contribution margin per canoe and the cont whole percent.) Unit Contribution Margin Contribution Margin Ratio 4. Next year Riverside expects to sell 855 canoes. Complete the contribution margin income statement for the company. RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income
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