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Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold lotal costs 600 Variable costs Fixed

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Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold lotal costs 600 Variable costs Fixed costs $ 48,000 72,000 $ 90,000 120,00020.000 $168,000 S 192,000 $ 210,000 120,000 Total costs Cost per unit Variable cost per unit Fixed cost per unit 120.00 $ 120.00 160.00 320.00 $ 280.00 $120.00 -1300.00200.00 Total cost per unit $420.00 Riverside sells its canoes for $500 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 $600 per Canoe Scenario2 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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