Question
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 540 620 780 Total costs Variable
Riverside Inc. makes one model of wooden canoe. Partial information for it follows:
Number of Canoes Produced and Sold | 540 |
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| 620 |
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| 780 |
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Total costs |
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Variable costs | $ | 67,500 |
| $ | 77,500 |
| $ | 97,500 |
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Fixed costs |
| 150,000 |
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| 150,000 |
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| 150,000 |
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Total costs | $ | 217,500 |
| $ | 227,500 |
| $ | 247,500 |
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Cost per unit |
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Variable cost per unit | $ | 125.00 |
| $ | 125.00 |
| $ | 125.00 |
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Fixed cost per unit |
| 277.78 |
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| 241.94 |
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| 192.31 |
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Total cost per unit | $ | 402.78 |
| $ | 366.94 |
| $ | 317.31 |
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Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 canoes. Required: Complete the Riversides contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riversides original data. (Round your unit contribution margin and contribution margin ratio percentage to two decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.)
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Riverside lne, makas one model of
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