Question: 5 - 1 7 ( Algo ) Determining Cost Behavior, Preparing Contribution Margin Income Statement [ LO 5 - 1 , 5 - 5 ]

5-17(Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1,5-5]
Required:
Complete the table.
Suppose Riverside sells its canoes for $513 each. Calculate the contribution margin per canoe and the contribution margin ratio.
Next year Riverside expects to sell 840 canoes. Complete the contribution margin income statement for the company.
Required 1
Next year Riverside expects to sell 840 canoes. Complete the contribution margin income statement for the company. (Round
your Contribution margin to 2 decimal places.)
5-17(Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1,5-5]

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