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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 535 685 835 Total costs Variable
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 535 685 835 Total costs Variable costs $ 75,435 149,800 $225,235 ? ? Fixed costs Total costs ? 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 535 685 835 Total Costs Variable Costs $ 75,435 $ 96,585 $ 117,735 149,800 Fixed Costs 149,800 149,800 $ 225,235 $ $ 246,385 267,535 Total Costs Cost per Unit $ 141.00 Variable Cost per Unit $ $ 141.00 141.00 Fixed Cost per Unit 218.69 280.00 179.40 $ 421.00 $ 359.69 $ 320.40 Total Cost per Unit 4. Next year Riverside expects to sell 885 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
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