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 525 $ 71,400 149,900 $ 221,300 675 ? 825 ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 875 canoes. Complete the contribution margin income statement for the company.

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 525 $ 71,400 149,900 $ 221,300 675 ? 825 ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 875 canoes. Complete the contribution margin income statement for the company.

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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