Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 695 545 845 Total costs Variable costs Fixed costs $ 73,575 148,600 $222,175 ? Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? Required: 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold 545 695 845 Total Costs Variable Costs 73,575 Fixed Costs 148,600 Total Costs 222,175 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit %24 RIVERSIDE INC. Contribution Margin Income Statement For the Next Year Contribution Margin Net Operating Income

Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 695 545 845 Total costs Variable costs Fixed costs $ 73,575 148,600 $222,175 ? Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? Required: 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold 545 695 845 Total Costs Variable Costs 73,575 Fixed Costs 148,600 Total Costs 222,175 Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit %24 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

Problem 1Q

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Define the following term using 1 or 2 complete sentences (not just key words). Cost-Plus Contract
Answer full question.
PLEASE DESCRIBE A FIXED TOTAL COST CONTRACT.
Discuss the components of the Contribution Margin Income Statement, how does management use this in the decision making process?
Current Attempt in Progress Tamarisk Company reports the following costs and expenses in May. Factory utilities Depreciation on factory equipment Depreciation on delivery trucks Indirect factory labor Indirect materials Direct materials used Factory manager's salary From the information: $14,800 12,120 3,840 47,120 77,440 132,480 8,000 Direct labor Sales salaries Property taxes on factory building Repairs to office equipment Factory repairs Advertising Office supplies used $66,480 44,320 2,400 1,280 1,920 14,400 2,510
When preparing a forecasted contribution margin income statement and you are given the units produced, how do you compute dollars per unit?
b) explain the benefits offered by each of the 4 criteria; payback period, discounted payback, NPV, IRR