$13$

E$5-19($Algo$)$ Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement $[$LO $5-5]$

Riverside Inc. makes one model of wooden canoe. Partial information for it follows:

$\backslash$table$[[$Number of Canoes Produced and,$450,650,800],[$Total costs$],[$Variable costs,$$67,500,$$ $97,500,$$$120,000$