Question
Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 465 615 765 Variable costs
Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 465 615 765 Variable costs Total costs Fixed costs Total costs Cont per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 69,285 149,100 7 7 2 7 $ 218,385 2 2 ? ? ? 2 2 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $506 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 815 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. Note: Round your cost per unit answers to 2 decimal places. Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs 465 S 69,285 149,100 $ 218,385 $ 615 765 S 0 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 465 Total costs ces Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 615 765 $ 69,285 149,100 $ 218,385 $ 0 $ 0 + $ 0.00 $ 0.00 $ 0.00 Required t Required 3 > Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required: 1. Complete the table. 149,100 $218,385 2 2 2 2 ? ? 2 ? 3. Suppose Riverside sells its canoes for $506 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 815 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 $506 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 Contribution margin ratio per cance % 2 points 1. Complete the table. 3. Suppose Riverside sells its canoes for $506 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 815 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 look Hire References Next year Riverside expects to sell 815 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
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