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Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold Total costs 450 800 Variable costs

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Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold Total costs 450 800 Variable costs Fixed costs S 67,500 $ 97,500 $ 120,000 374,400 374,400 374,400 $441,900 471,900 $ 494,400 Total costs Cost per unit S 150.00 150.00 $ 150.00 Variable cost per unit Fixed cost per unit 83200 S 982.00 T26.00 576.00400.0 Total cost per unit 618.00 Riverside sells its canoes for $1,100 each. Next year Riverside expects to sell 1,000 canoes. Required Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to two decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $1200 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio Contribution Margin Income Statement Contribution Margin Net Operating Income

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