Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 500 650 800 Total costs Variable costs $ 66,500 ? ? Fixed costs 148,500 ? ? Total costs $ 215,000 ? ? 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.)

Number of Canoes Produced and Sold	500	650	800
Total Costs
Variable Costs	$66,500
Fixed Costs	148,500
Total Costs	$215,000	$0	$0
Cost per Unit
Variable Cost per Unit
Fixed Cost per Unit
Total Cost per Unit	$0.00	$0.00	$0.00

3. Suppose Riverside sells its canoes for $503 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		%

4. Next year Riverside expects to sell 850 canoes. Complete the contribution margin income statement for the company. With discription

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