Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 460 610 760 Total costs Variable costs $ 64,860 7 7 Fixed costs 149,300 2 2 Total costs $214,160 7 Cost per unit Variable cost per unit 2 2 Fixed cost per unit 2 Total cost per unit 7 2 7 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $515 each, Calculate the contribution margin per canoe and the contribution margin ratio 4. Next year Riverside expects to sell 810 canoes. Complete the contribution margin income statement for the company Complete this question by entering your answers in the tabs below. Required 1 Required Required Complete the table. (Round your cost per unit answers to 2 decimal places.) 460 610 760 Number of Canoes Produced and sold Total Costu Variable Costa Fixed Costs $ 64,800 149,300 214,160 $ $ 0 $ 0 Total Costs Cost per Unit Variable Cost per Unit Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $515 each. Calculate the contribution margin per canoe and the contribution margin ratio 4. Next year Riverside expects to sell 810 canoes. Complete the contribution margin income statement for the company, Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) 460 610 760 $ Number of Conoos Produced and Sold Total Costs Variable Costs Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 54 860 149.300 214,100 $ $ 0 0 $ ces $ 0.005 0.00 $ 0.00 Required 3 > Required: 1. Complete the table 3. Suppose Riverside sells its canoes for $515 each. Calculate the contribution margin per canoe and the contribution morgin ratio. 4. Next year Riverside expects to sell 810 canoes. Complete the contribution margin income statement for the company, Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Suppose Riverside sells its canoes for $515 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 per canon % Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $515 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 810 canoes. Complete the contribution margin income statement for the company Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Next year Riverside expects to sell 810 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 hces Contribution Margin Net Operating income Required Arges nen 9 of 10 !! 1: Next >
