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Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: 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 Unit contribution margin Contribution margin ratio 400 Scenario 1 Raises Sales Price to $760 per Canoe $ 52,000 180,000 $ 232,000 $ 130.00 450.00 $ 580.00 600 $ 78,000 180,000 $ 258,000 Contribution Margin Income Statement $ 130.00 300.00 $430.00 Riverside sells its canoes for $660 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 of Riverside's original data. Note: Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 0.1234 should be ente 12.34%) and all other answers to the nearest dollar amount. Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent % 750

Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Riverside sells its canoes for $660 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 of Riverside's original data. Note: Round your unit contribution margin and contribution margin rotio to 2 decimal places (i.e. 0.1234 should be ent 12.34% ) and all other answers to the nearest dollar amount. Complete the kiverside's controution margin income statement for eacn independent scenario. Assuming each scenario is a vanation of Rlverside's original data. Note: Round your unit contribution morgin and contribution morgin rotio to 2 declnol places {1.0.0.1234 should be entered os 12.34% ) and all other answers to the neorest doller amount

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