Question: 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

5-1, 5-5] Riverside Incorporated makes one model of wooden canoe. Partial information

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: 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. Complete the table. Note: Round your cost per unit answers to 2 decimal places. 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: 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. 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

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