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

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Accounting

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Riverside Inc. makes one model of wooden canoe. Partial information for it follows Number of Canoes Produced and Sold Total costs 500 700 Variable costs Fixed costs $ 90,000 $ 126,000 $153,000 119,000 119,000 Total costs $209,000 $ 245,000 $ 272,000 Cost per unit Variable cost per unit Fixed cost per unit 180.00 $ 180.00 $ 180.00 -238.00 170.00 140.00 418.00 $ 350.00 $ 320.00 Total cost per unit Riverside sells its canoes for $500 each. Next year Riverside expects to sell 1,000 canoes Required Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio 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 ales Revenue riable Costs 180,000 Contribution Margin ixed Costs 119,000 Net Operating Income

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