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 costs	$	67,500		?		?
Fixed costs		150,000		?		?
Total costs	$	217,500		?		?
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	540	620	780
Total Costs
Variable Costs	$67,500
Fixed Costs	150,000
Total Costs	$217,500	$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 $500 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 700 canoes. Complete the contribution margin income statement for the company.

RIVERSIDE INC.
Contribution Margin Income Statement
For the Next Year
Sales Revenue
Variable Costs
Contribution Margin
Fixed Costs
Net Operating Income