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Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for
Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: 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 805 canoes. Complete the contribution margin income statement for the company. Next year Riverside expects to sell 805 canoes. Complete the contribution margin income statement for the company. Note: Round your Contribution margin to 2 decimal places. 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. Complete the table. Note: Round your cost per unit answers to 2 decimal places
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