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Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 5 5 0 7 0 0
Riverside Incorporated makes one model of wooden canoe. Partial information for it follows:
Number of Canoes Produced and Sold
Total costs
Variable costs $
Fixed costs
Total costs $
Cost per unit
Variable cost per unit
Fixed cost per unit
Total cost per unit
Required:
Complete the table.
Suppose Riverside sells its canoes for $ each. Calculate the contribution margin per canoe and the contribution margin ratio.
Next year Riverside expects to sell canoes. Complete the contribution margin income statement for the company.
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