Riverside Inc. makes one model of wooden canoe. Partial information for it follows:

Number of Canoes Produced and Sold
		525		675		825
Total costs
Variable costs	$	68,775		?		?
Fixed costs		149,300		?		?
Total costs	$	218,075		?		?
Cost per unit
Variable cost per unit		?		?		?
Fixed cost per unit		?		?		?
Total cost per unit		?		?		?

Required:

1. Complete the table.

3. Suppose Riverside sells its canoes for $517 each. Calculate the contribution margin per canoe and the contribution margin ratio.

4. Next year Riverside expects to sell 875 canoes. Complete the contribution margin income statement for the company.

1.

Number of Canoes Produced and Sold	525	675	825
Total Costs
Variable Costs	$68,775
Fixed Costs	149,300
Total Costs	$218,075	$0	$0
Cost per Unit
Variable Cost per Unit
Fixed Cost per Unit
Total Cost per Unit	$0.00	$0.00	$0.00

3.

Unit Contribution Margin		per canoe
Contribution Margin Ratio		%

4.

RIVERSIDE INC.
Contribution Margin Income Statement
For the Next Year
Contribution Margin
Net Operating Income