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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 465 615 765 Total costs Variable

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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 465 615 765 Total costs Variable costs $ 67,890 2 Fixed costs 149,600 Total costs $217,490 2 ? Cost per unit Variable cost per unit ? ? Fixed cost per unit 2 Total cost per unit ? Required: 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) Answer is complete but not entirely correct. 465 615 765 Number of Canoes Produced and Sold Total Costs Variable Costs Fixed Costs $ 67,890 $ 149,600 $ 217,490 89,790$ 111,690 14,900 X 149,000 X 104,690 $ 260,690 Total Costs $ 146.00 $ 146.00 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 146.00 $ 242.28 X 194.77 X 321.29 X 467.29 $ $ 388.28 $ 340.77 3. Suppose Riverside sells its canoes for $510 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.) Answer is complete but not entirely correct. $ 359 X Unit Contribution Margin Contribution Margin Ratio 71% 4. Next year Riverside expects to sell 815 canoes. Complete the contribution margin income statement for the company. Answer is complete but not entirely correct. RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Sales Revenue $ 409,945 Variable Costs 118,990 292,585 Contribution Margin Fixed Costs 149,000 Net Operating Income 143,585

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