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Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 500 650 800 Total costs
Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 500 650 800 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 66,000 148,300 ? ? ? ? $ 214,300 ? ? 222 ? ? ? ? ? ? ? 232 ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $511 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 850 canoes. Complete the contribution margin income statement for the company. Required 1 Required 3 Required 4 Complete the table. Note: Round your cost per unit answers to 2 decimal places. Number of Canoes Produced and Sold 500 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 650 800 $ 66,000 148,300 $ 214,300 $ 0 $ 0 $ 0.00 $ 0.00 $ 0.00 Required 1 Required 3 > Required 1 Required 3 Required 4 Suppose Riverside sells its canoes for $511 each. Calculate the cont ratio. Note: Round your contribution margin to the nearest whole dollar a percent. Unit contribution margin Contribution margin ratio per canoe % RIVERSIDE INCORPORATED Contribution Margin Income Statement For the Next Year Contribution margin Net operating income
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