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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 400 600 750 Total costs Variable

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

Number of Canoes Produced and Sold 400 600 750
Total costs
Variable costs $ 52,000 $ 78,000 $ 97,500
Fixed costs 180,000 180,000 180,000
Total costs $ 232,000 $ 258,000 $ 277,500
Cost per unit
Variable cost per unit $ 130.00 $ 130.00 $ 130.00
Fixed cost per unit 450.00 300.00 240.00
Total cost per unit $ 580.00 $ 430.00 $ 370.00

Riverside sells its canoes for $660 each. Next year Riverside expects to sell 1,000 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 to two decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.)

Scenerio 1 Rises Sales Price to $760 per canoe

Scenerio 2 Increases Sales Price and Variable Cost per Unit by 10%

Scenerio 3 Decrese Fixed Cost by 20%

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