Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 148,300 Number...
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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 148,300 Number of Canoes Produced and sold 455 605 755 Total costs Variable costs $ 66,885 ? ? Fixed costs Total costs $215,185 ? ? Cost per unit Variable cost per unit ? Fixed cost per unit Total cost per unit ? 2 ? le cost per unit } www } TABLE FOR #1 ^ Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $502 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 805 canoes. Complete the contribution margin income statement for the company. E E
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