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Write out Each Answers Answer full question Required 1-4 5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1,5-5] Riverside Inc. makes one
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5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1,5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and soldi 545 695 845 ? $ 79,570 149.000 $229, 470 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 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 895 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places.) 545 695 845 Number of Candes Produced and Sold Total Costs s Vanable Costs Fbed Costs 79.570 149,000 229.470 Total Costs S Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per cance and the contribution margin ratio. (Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whale percent.) per canoe Unit Contribution Margin Contribution Margen Ratio Required 1 Required 3 Required 4 Next year Riverside expects to sell 895 canoes. Complete the contribution margin income statement for the company. (Round your Contribution margin to 2 decimal places.) RIVERSIDE INC Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income Answer full question Required 1-4
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