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You into E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement tLO 5-1 5-S] Riverside inc. makes one model of wooden canoe. Partial information for
You into E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement tLO 5-1 5-S] Riverside inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold 55 605 755 Total costs Variable costa Fixed costs 60,060 149.700? $209,760 Total costs Cost per unit 209,7 Variable cost per unit Fixed cost per unit Total cost per unit 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) 455 605 755 Total Costs Fixed Costs 149,700 209,760 Total Costs Cost per Unt Variable Fixed Cost per Unit per Unit Total Cost per Unit 3. Suppose Riverside sels its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole percent.) Ratio Next year Riverside expects to sell 805 canoes. Complete the contribution margin income statement for the company Contribution Margin Income the Next Year Margin Foxed Costs Income
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