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Riverside Inc. makes one model of wooden canoe. Partial information for it follows:

Number of Canoes Produced and Sold		540			620			780
Total costs
Variable costs	$	67,500		$	77,500		$	97,500
Fixed costs		150,000			150,000			150,000
Total costs	$	217,500		$	227,500		$	247,500
Cost per unit
Variable cost per unit	$	125.00		$	125.00		$	125.00
Fixed cost per unit		277.78			241.94			192.31
Total cost per unit	$	402.78		$	366.94		$	317.31

Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 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 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 Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent Unit Contribution Margin Contribution Margin Ratio % % % Contribution Margin Income Statement Sales Revenue Variable Costs Contribution Margin Fixed Costs Net Operating Income

Riverside lne, makas one model of

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