Question
The previous question was similar to the one below, but did not work through the steps for the opportunity to learn and use the work
The previous question was similar to the one below, but did not work through the steps for the opportunity to learn and use the work with different numbers. Hopefully someone can help. Thank you!
Paddle Away, Inc., makes one model of wooden canoe. Partial information for it follows.
1. Complete the table.
Number of canoes produced and sold | 455 | 605 | 755 |
Total costs | |||
Variable costs | $67,795 | ? | ? |
Fixed costs | 148,400 | ? | ? |
Total costs | $216,195 | ? | ? |
Cost per unit | |||
Variable cost per unit | ? | ? | |
Fixed cost per unit | ? | ? | |
Total cost per unit | ? | ? | |
2.Suppose Riverside sells its canoes for $509 each. Calculate the contribution margin per canoe and the contribution margin ratio.
3. Next year Riverside expects to sell 805 canoes. Complete the contribution margin income statement for the company.
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