Refer to the information presented in E5-14 for Riverside. Each of the following scenarios is a variation of Riverside's original data.

Required:
Prepare Riverside's contribution margin income statement for each independent scenario.
1. Riverside raises the sales price to $600 per canoe.
2. Both sales price and variable cost per unit increase by 10 percent.
3. Riverside cuts its fixed cost by 20percent.

Transcribed Image Text:

Number of Canoes Produced and Sold 540 620 780 Total costs Variable costs Fixed costs $ 67,500 150,000 $217,500 2 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit