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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		?		?
Fixed costs		150,000		?		?
Total costs	$	217,500		?		?
Cost per unit
Variable cost per unit		?		?		?
Fixed cost per unit		?		?		?
Total cost per unit		?		?		?

Required: 1. Complete the table. (Round your cost per unit answers to 2 decimal places.)

	Number of Canoes Produced and Sold 540 620 780 Total Costs Variable Costs $67,500 Fixed Costs 150,000 Total Costs $217,500 $0 $0 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit $0.00 $0.00 $0.00

3. Suppose Riverside sells its canoes for $500 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.)

	Unit Contribution Margin Contribution Margin Ratio %

4. Next year Riverside expects to sell 700 canoes. Complete the contribution margin income statement for the company.

	RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Sales Revenue Variable Costs Contribution Margin Fixed Costs Net Operating Income

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