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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs 550 750 900 Variable
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs 550 750 900 Variable costs Fixed costs $ 110,000 S 150,000 S 180,000 99,000 99.000 99,000 $209,000 249,000 $279,000 Total costs Cost per unit Variable cost per unit Fixed cost per unit S 200.00 S 200.00 S 200.00 110.00 S 380.00 332.00 S 310.00 180.00 132.00 Total cost per unit Riverside sells its canoes for $460 each. Next year Riverside expects to sell 1,000 canoes Required Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to two decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $560 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio Contribution Margin Income Statement Contribution Margin Net Operating Income
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