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 Required 1 Required 3 Required 4 530 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $509 each. Calculate the contribution margin per canoe and the contribution margin ratie 4. Next year Riverside expects to sell 880 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Number of Canoes Produced and Sold Total costs Variable $ 78,970 149, 600 $ 228,570 Complete the table. Note: Round your cost per unit answers to 2 decimal places. 530 630 680 7 830 8:30
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 Required 1 Required 3 Required 4 530 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $509 each. Calculate the contribution margin per canoe and the contribution margin ratie 4. Next year Riverside expects to sell 880 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Number of Canoes Produced and Sold Total costs Variable $ 78,970 149, 600 $ 228,570 Complete the table. Note: Round your cost per unit answers to 2 decimal places. 530 630 680 7 830 8:30
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
Required 1 Required 3
Required:
1. Complete the table.
3. Suppose Riverside sells its canoes for $509 each. Calculate the contribution margin per cance and the contribution margin ratio
4. Next year Riverside expects to sell 880 canoes. Complete the contribution margin income statement for the company.
Complete this question by entering your answers in the tabs below.
Complete the table,
Note: Round your cost per unit answers to 2 decimal places.
Number of Canoes Produced and Sold
Total costs
Variable costs
Foxed costs
Total costs
Cost per unit
Required 4
Variable cost per unit
Foxed cost per unit
Total cost per unit
530
$ 78,970
149,600
$ 228,570
$
$
530
680
78,970
140,600
228.570
}
2
680
?
830
830
2
2
7
Required 3
Transcribed Image Text: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
Required:
1. Complete the table.
3. Suppose Riverside sells its canoes for $509 each. Calculate the contribution margin per cance and the contribution margin ratio
4. Next year Riverside expects to sell 880 canoes. Complete the contribution margin income statement for the company
Variable costs
Fixed costs
Complete this question by entering your answers in the tabs below.
Total costs
Cost per unit
Variable cost per unit
Fixed cost per unit
Total cost per unit
Required 1 Required 3
Suppose Riverside sells its canoes for $509 each, Calculate the contribution margin per cance and the contribution margin
ratio.
Note: Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole
percent.
530
$ 78,970
149,600
$ 228,570
Required 41
680
per cance
Riverside Incorporated makes one model of wooden canoe. Partial information for it follows:
Number of Cances Produced and Sold
Total costs
RIVERSIDE INCORPORATED
Contribution Margin Income Statement
For the Next Year
Contribution margin
7
Net operating income
?
530
$ 78,970
149,600
$ 228,570
Complete this question by entering your answers in the tabs below.
>
Required:
1. Complete the table.
3. Suppose Riverside sells its canoes for $509 each Calculate the contribution margin per canoe and the contribution margin ratio
4. Next year Riverside expects to sell 880 canoes. Complete the contribution margin income statement for the company
830
Required 1 Required 3 Required 4
Next year Riverside expects to sell 880 cances. Complete the contribution margin income statement for the company
Note: Round your Contribution margin to 2 decimal places.
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