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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
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 1 Required 3 450 $ 62,550 148,400 $ 210,950 ? ? ? Required 4 Unit contribution margin 600 ? ? ? Complete this question by entering your answers in the tabs below. ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 800 canoes. Complete the contribution margin income statement for the company. X Answer is not complete. per canoe 750 ? ? ? ? ? Suppose Riverside sells its canoes for $519 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 A
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