Riverside Inc. makes one model of wooden canoe. Partial information for it follows: ...
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Accounting
Riverside Inc. makes one model of wooden canoe. Partial information for it follows:
Number of Canoes Produced and Sold
550
750
900
Total costs
Variable costs
$
112,750
$
153,750
$
184,500
Fixed costs
148,500
148,500
148,500
Total costs
$
261,250
$
302,250
$
333,000
Cost per unit
Variable cost per unit
$
205.00
$
205.00
$
205.00
Fixed cost per unit
270.00
198.00
165.00
Total cost per unit
$
475.00
$
403.00
$
370.00
Riverside sells its canoes for $550 each. Next year Riverside expects to sell 1,000 canoes.
Required:
Complete the Riversides contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riversides original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.)
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