Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
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Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total coats Variable costs Fixed costs 550 750 900 $115,500 $157,500 $189, 000 198, D00 $355,500 $387,000 198,000 198,000 Total costs $313,500 Cost per unit Variable cost per unit Fixed cost per unit $ 210.00 360.00 $ 210.00 $ 210.00 264.00 $ 570.00 474.00 220.00 $ 430.00 Total cost per unit Riverside sells its canoes for $650 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (l.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 2 Incroase Sales Price and Variable Cost per Unit by 10 Percent Cost by 20 Percent Scenario 1 Raises Sales Price to $750 per Canoe Scenario 3 Decrease Fixed Unit Contribution Margin Contribution Margin Ratio Contribution Margin Income Statement Contribution Margin Riverside sells its canoes for $650 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Salos Price to $750 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cont by 20 Percent Unit Contribution Margin Contribution Margin Ratio Contribution Margin Income Statement Contribution Margin Net Operating Income Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold Total coats Variable costs Fixed costs 550 750 900 $115,500 $157,500 $189, 000 198, D00 $355,500 $387,000 198,000 198,000 Total costs $313,500 Cost per unit Variable cost per unit Fixed cost per unit $ 210.00 360.00 $ 210.00 $ 210.00 264.00 $ 570.00 474.00 220.00 $ 430.00 Total cost per unit Riverside sells its canoes for $650 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (l.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 2 Incroase Sales Price and Variable Cost per Unit by 10 Percent Cost by 20 Percent Scenario 1 Raises Sales Price to $750 per Canoe Scenario 3 Decrease Fixed Unit Contribution Margin Contribution Margin Ratio Contribution Margin Income Statement Contribution Margin Riverside sells its canoes for $650 each. Next year Riverside expects to sell 1,000 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Salos Price to $750 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cont by 20 Percent Unit Contribution Margin Contribution Margin Ratio Contribution Margin Income Statement Contribution Margin Net Operating Income
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Scenario 1 Selling price per unit 750 Variable cost per unit 210 contribution mar... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
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