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Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 400 600 750 Total costs Variable

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

Number of Canoes Produced and Sold 400 600 750
Total costs
Variable costs $ 54,000 $ 81,000 $ 101,250
Fixed costs 60,000 60,000 60,000
Total costs $ 114,000 $ 141,000 $ 161,250
Cost per unit
Variable cost per unit $ 135.00 $ 135.00 $ 135.00
Fixed cost per unit 150.00 100.00 80.00
Total cost per unit $ 285.00 $ 235.00 $ 215.00

Riverside sells its canoes for $370 each. Next year Riverside expects to sell 1,000 canoes.

Required:

Complete the Riversides contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riversides 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.

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