505 655 805 Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 71,205 149,500 $220,705 ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $506 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 855 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Next year Riverside expects to sell 855 canoes. Complete the contribution margin income statement for the company. (Round your Contribution margin to 2 decimal places.) RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Check
505
655
805
Total costs
Variable costs
Fixed costs
$ 71,205
149,500
$220,705
?
Total costs
Cost per unit
Variable cost per unit
Fixed cost per unit
Total cost per unit
?
?
Required:
1. Complete the table.
3. Suppose Riverside sells its canoes for $506 each. Calculate the contribution margin per canoe and the contribution margin ratio.
4. Next year Riverside expects to sell 855 canoes. Complete the contribution margin income statement for the company.
Complete this question by entering your answers in the tabs below.
Required 1
Required 3
Required 4
Next year Riverside expects to sell 855 canoes. Complete the contribution margin income statement for the company. (Round
your Contribution margin to 2 decimal places.)
RIVERSIDE INC.
Contribution Margin Income Statement
For the Next Year
Contribution Margin
Net Operating Income
Transcribed Image Text:Check 505 655 805 Total costs Variable costs Fixed costs $ 71,205 149,500 $220,705 ? Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $506 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 855 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Next year Riverside expects to sell 855 canoes. Complete the contribution margin income statement for the company. (Round your Contribution margin to 2 decimal places.) RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income
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