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  3. riverside inc. makes one model of wooden canoe. pa

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

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Accounting

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

Number of Canoes Produced and Sold 550 750 900
Total costs
Variable costs $ 112,750 $ 153,750 $ 184,500
Fixed costs 148,500 148,500 148,500
Total costs $ 261,250 $ 302,250 $ 333,000
Cost per unit
Variable cost per unit $ 205.00 $ 205.00 $ 205.00
Fixed cost per unit 270.00 198.00 165.00
Total cost per unit $ 475.00 $ 403.00 $ 370.00

Riverside sells its canoes for $550 each. Next year Riverside expects to sell 1,000 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 to 2 decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.)

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