5-17 (Algo) Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 51,5-5) Riverside Inc, makes one model of wooden canoe. Partial information for it follows: Number of Cance Produced and sold 465 615 765 Total costs Variable costs $ 61,845 2 2 Fixed costs 149, 100 2 2 Total costa $210,945 2 2 Cost per unit Variable cont per unit ? 2 2 Paxed cost per unit 2 2 2 Total cost per unit 2 2 2 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 815 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places) 465 615 765 Number of Canoes Produced and Sold Total Costs Variable Costa $ 61,845 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 815 canoes. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to 2 decimal places) 465 615 765 $ 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 61,845 149,100 210,945 $ Red Required 3 > 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 815 canoes. Complete the contribution margin income statement for the company Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Suppose Riverside sells its canoes for $507 each. Calculate the contribution margin per canoe and the contribution margin ratio. (Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole percent.) Unit Contribution Margin Contribution Margin Ratio per canoo % REMU. 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 815 cances. Complete the contribution margin income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Required 4 Next year Riverside expects to sell 815 canoes. Complete the contribution margin income statement for the company. (Round your Contribution margin to 2 decimal places.) 5 RIVERSIDE INC Contribution Margin Incomo Statement For the Next Year Contribution Margin Net Operating Income