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Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 450 650 900 Total costs Variable

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Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 450 650 900 Total costs Variable costs $ 69, 750 $ 100, 750 $ 139,500 Fixed costs 234, 000 234 , 000 234 , 000 Total costs $ 303, 750 $ 334, 750 $ 373, 500 Cost per unit Variable cost per unit $ 155. 00 $ 155. 00 $ 155.00 Fixed cost per unit 520 .00 360 . 00 260.00 Total cost per unit $ 675.00 $ 515. 00 $ 415.00 Riverside sells its canoes for $750 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. Note: Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 0.1234 should be entered as 12.34%) and all other answers to the nearest dollar amount. Scenario 1 Raises Scenario 2 Increase Scenario 3 Sales Price to $850 Sales Price and Decrease Fixed per Canoe Variable Cost per Unit by 10 Percent Cost by 20 Percent Unit contribution margin Contribution margin ratio % % % Contribution Margin Income Statement Contribution margin Net operating income

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