Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 465 615 765 Total costs Variable costs $ 66,960 ? ? Fixed costs 148,700 ? ? Total costs $ 215,660 ? ? 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 $509 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 815 canoes. Complete the contribution margin income statement for the company.
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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
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