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

Number of Canoes Produced and Sold
		490		640		790
Total costs
Variable costs	$	67,620		?		?
Fixed costs		149,600		?		?
Total costs	$	217,220		?		?
Cost per unit
Variable cost per unit		?		?		?
Fixed cost per unit		?		?		?
Total cost per unit		?		?		?

Required:

1. Complete the table.

3. Suppose Riverside sells its canoes for $503 each. Calculate the contribution margin per canoe and the contribution margin ratio.

4. Next year Riverside expects to sell 840 canoes. Complete the contribution margin income statement for the company.

Complete the table. (Round your cost per unit answers to 2 decimal places.)

Number of Canoes Produced and Sold	490	640	790
Total Costs
Variable Costs	$67,620
Fixed Costs	149,600	149,600	149,600
Total Costs	$217,220	$227,220	$149,600
Cost per Unit
Variable Cost per Unit
Fixed Cost per Unit
Total Cost per Unit	$0.00	$0.00	$0.00

2.

Unit Contribution Margin	not attempted	per canoe
Contribution Margin Ratio	not attempted	%

3.

Next year Riverside expects to sell 840 canoes. Complete the contribution margin income statement for the company. (Round your Contribution margin to 2 decimal places.)

RIVERSIDE INC.
Contribution Margin Income Statement
For the Next Year
	not attempted
	not attempted
	not attempted
	not attempted
Contribution Margin	not attempted
Net Operating Income