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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 600 800 950 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 $129,000 $172,000 $204,250 228.999 228.000 228,eee $357,000 $100,000 $432,250 $ 215.00 $ 215.00 $ 215.00 380.00 285.80 240.00 $ 595.00 $ 500.00 $ 455.00 Riverside sells its canoes for $670 each. Next year Riverside expects to sell 1000 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 ratlo to 2 decimal places (.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $770 Scenario 2 Increase Sales Price and Scenario 3 Variable Cost per Decrease Fixed Unit by 10 Percent Cost by 20 Percent per Canoe Unit Contribution Margin Contribution Margin Ratio 96 % Contribution Mergin income Statement Contribution Margin Net Operating Income Joyce Murphy runs a courier service in downtown Seattie. She charges clients $0.62 per mile driven. Joyce has determined that if she drives 2,900 miles in a month, her total operating cost is $950. If she drives 4.000 miles in a month, her total operating cost is $1192 Required: 1. Using the high-low method, determine Joyce's variable and fixed operating cost components. 2. Complete the contribution margin income statement for Joyce's service assuming she drove 2.100 miles last month. (Assume this falls within the relevant range of operations) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the high-low method, determine Joyce's variable and faced operating cost components. (Round your cost per unit answer to 2 decimal places.) Variable Cost per Mile Driven Foxed Cost Required 2 > Joyce Murphy runs a courier service in downtown Seattle She charges clients $0.62 per mile driven. Joyce has determined that if she drives 2.900 miles in a month, her total operating cost is $950. If she drives 4,000 miles in a month, her total operating cost is $1.192 Required: 1. Using the high-low method, determine Joyce's variable and fixed operating cost components. 2. Complete the contribution margin income statement for Joyce's service assuming she drove 2,100 miles last month. (Assume this falls within the relevant range of operations) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the contribution margin income statement for Joyce's service assuming she drove 2,100 miles last month. (Assume this falls within the relevant range of operations). JOYCE MURPHY Contribution Margin Income Statement For the Last Month Contribution Margin Net Operating income Required
