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value 9.09 points Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs 540

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value 9.09 points Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total costs 540 620 780 Variable costs Fixed costs 67,500 S 77,500 97,500 150,000 150,000150,000 $217,500 227,500 $247,500 Total costs Cost per unit Variable cost per unit Fixed cost per unit 125.00 125.00 125.00 277.78 241.94 192.31 402.78 S 366.94 317.31 Total cost per unit Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 canoes. Variable cost per unit Fixed cost per unit 125.00 $ 125.00 $ 125.00 277.78 241.94192 31 Total cost per unit S 402.78 $ 366.94 $ 317.31 Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 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. (Round your unit contribution margin and contribution margin ratio percentage to two decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $600 per Canoe Scenario 2 Increase Sales Price and Scenario 3 Decrease Fixed Cost by 20 Percent Variable Cost per Unit by 10 Percent Unit Contribution Margin Contribution Margin Ratio Income Statement Contribution Margin Net Operating Income

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