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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 520 670 820 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 520 670 820 Total costs Variable costs $ 69,160 ? 2 Fixed costs 149,300 2 2 Total costs $218,460 ? ? Cost per unit ? ? Variable cost per unit Fixed cost per unit ? 2 ? Total cost per unit 2 2 2 C C Required: 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) 520 670 820 Number of Canoes Produced and Sold Total Costs $ $ Variable Costs 69,160 149,300 Fixed Costs $ 218,460 Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 3. Suppose Riverside sells its canoes for $506 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 4. Next year Riverside expects to sell 870 canoes. Complete the contribution margin income statement for the company. RIVERSIDE INC Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income

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