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

Number of Canoes Produced and Sold	520	670	820
Total costs
Variable costs	$ 71,760	?	?
Fixed costs	149,600	?	?
Total costs	$ 221,360	?	?
Cost per unit
Variable cost per unit	?	?	?
Fixed cost per unit	?	?	?
Total cost per unit	?	?	?

Required:

1. Complete the table.

Complete the table. Note: Round your cost per unit answers to 2 decimal places.

Number of Canoes Produced and Sold	520	670	820
Total costs
Variable costs	$71,760
Fixed costs	149,600
Total costs	$221,360	$0	$0
Cost per unit
Variable cost per unit
Fixed cost per unit
Total cost per unit	$0.00	$0.00	$0.00

3. Suppose Riverside sells its canoes for $500 each. Calculate the contribution margin per canoe and the contribution margin ratio.

Suppose Riverside sells its canoes for $500 each. Calculate the contribution margin per canoe and the contribution margin ratio. Note: Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole percent.

Show less

Unit contribution margin	$226	per canoe
Contribution margin ratio	45	%

4. Next year Riverside expects to sell 870 canoes. Complete the contribution margin income statement for the company.

Next year Riverside expects to sell 870 canoes. Complete the contribution margin income statement for the company. Note: Round your Contribution margin to 2 decimal places.

RIVERSIDE INCORPORATED
Contribution Margin Income Statement
For the Next Year
Contribution margin
Net operating income