Question: Need Help pls. also make sure answer is fully viisble pls thank you Riverside Inc. makes one model of wooden canoe. Partial information for it
Riverside Inc. makes one model of wooden canoe. Partial information for it follows. Number of Canoes Produced and sold 540 620 780 Total costs Variable costs $ 67,500 $ 77,5ee 5.97,500 Fixed costs 150.000 150,000 150,000 Total costs $217,500 $ 227,500 $247,500 Cost per unit Variable cost per unit $ 125.00 $ 125.00 $ 125.00 Fixed cost per unit 277.78 241.94 192.31 Total cost per unit $ 402.78 $ 366.94 5 317.31 Riverside sells its canoes for $500 each. Next year Riverside expects to sell 700 canoes. Required: Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data. (Round your unit contribution margin and contribution margin ratio percentage to two decimal places lie. 1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) Scenario 1 Raises Sales Price to $600 Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent per Canon Unit Contribution Margin Contribution Margin Ratio % Contribution Margin Income Statement Contribution Margin Net Operating income
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
