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Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 545 695 845 Total costs Variable

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

Number of Canoes Produced and Sold 545 695 845
Total costs
Variable costs $ 73,575 ? ?
Fixed costs 149,100 ? ?
Total costs $ 222,675 ? ?
Cost per unit
Variable cost per unit ? ? ?
Fixed cost per unit ? ? ?
Total cost per unit ? ? ?

Required:

1. Complete the table.

3. Suppose Riverside sells its canoes for $505 each. Calculate the contribution margin per canoe and the contribution margin ratio.

4. Next year Riverside expects to sell 895 canoes. Complete the contribution margin income statement for the company.

Number of Canoes Produced and Sold 545 695 845
Total costs
Variable costs $73,575
Fixed costs 149,100
Total costs $222,675
Cost per unit
Variable cost per unit
Fixed cost per unit
Total cost per unit

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