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.

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