Question: E 5 - 1 7 ( Algo ) Determining Cost Behavior, Preparing Contribution Margin Income Statement [ LO 5 - 1 , 5 - 5
EAlgo Determining Cost Behavior, Preparing Contribution Margin Income Statement LO Riverside Incorporated makes one model of wooden canoe. Partial information for it follows:Number of Canoes Produced and SoldTotal costs Variable costs$ Fixed costsTotal costs$ Cost per unit Variable cost per unit???Fixed cost per unit???Total cost per unit???Required: Complete the table Suppose Riverside sells its canoes for $ each. Calculate the contribution margin per canoe and the contribution margin ratio Next year Riverside expects to sell canoes. Complete the contribution margin income statement for the company.
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