Home / Questions / Riverside Inc. makes one model of wooden canoe. Partial information for it follows. Number of Canoes
Riverside Inc. makes one model of wooden canoe. Partial information for it follows. Number of Canoes Produced and Sold 600 800 950 To Variable costs $129.000 228 000 172.000 204.250 228.000 Fixed costs 228,000 $357,000 400.000 $ 432,250 Total costs Ce o cot ner unit S 215.00 21500 285.00 215.00 380.00 Fixed cost per unit 240.00 S 595.00 S 500.00 S 455.00 Total cost per unit $670 each Next year Riverside expects sell 1.000 canoes. Rlverside sells its 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 (.e. .1234 should be entered as 12.34 % ) and all other answers to the nearest dollar amount.) lncrease Sales Scenario 1 Scenarlo 3 .Price and Ralses Sales Decrease st per Unit by 10 per Canoe 20 Percent Percent Unit Contribution Margin Contribution Margin Ratio Contribution Margin Income Statement Contribution Margin Net Operating Income
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