4 E5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and 10 470 620 770 Sold points Total costs $ Variable costs ? ? 61,570 Fixed costs 148,400 ? ? eBook $ Total costs ? ? 209,970 Cost per unit Hint Variable cost per unit ? ? ? Fixed cost per unit ? ? ? Total cost per unit ? ? ? References Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $507 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 820 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required Required Required 1 3 4 Complete the table. Note: Round your cost per unit answers to 2 decimal places. Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 470 620 770 $ 61,570 148,400 $ 209,970 $ 0 $ 0 $ 0.00 $ 0.00 $ 0.00 < Required 1 Required 3 > 4 E5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: 10 Number of Canoes Produced and Sold 470 620 770 points Total costs $ Variable costs ? ? 61,570 Fixed costs 148,400 ? ? eBook $ Total costs ? ? 209,970 Cost per unit Hint Variable cost per unit ? ? ? Fixed cost per unit ? ? ? Total cost per unit ? ? ? References Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $507 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 820 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required Required Required 1 3 4 Next year Riverside expects to sell 820 canoes. Complete the contribution margin income statement for the company. Note: Round your Contribution margin to 2 decimal places. RIVERSIDE INCORPORATED Contribution Margin Income Statement For the Next Year Contribution margin Net operating income < Required 3 Required 4 > Show less