Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of...
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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 530 680 830 ? Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 72,610 149,600 $222,210 Required: 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) 530 680 830 $ 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 72,610 149,6001 222,210 $ $ 0 $ 0.00 $ 0.00 $ 0.00 3. Suppose Riverside sells its canoes for $512 each. Calculate the contribution margin per canoe and the contribution margin ratio. Unit Contribution Margin Contribution Margin Ratio 4. Next year Riverside expects to sell 880 canoes. Complete the contribution margin income statement for the company. RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income
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