Required:

Complete the Riversides contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riversides original data. (Round your unit contribution margin and contribution margin ratio to 2 decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.)

Riverside Inc. makes one model of wooden canoe. Partial information for it follows: 600 750 0.33 points Number of Canoes Produced and Sold 400 Total costs Variable costs $ 52,000 Fixed costs 180,000 Total costs $ 232,000 Cost per unit Variable cost per unit $ 130.00 Fixed cost per unit 450.00 Total cost per unit $ 580.00 $ 78,000 180,000 $258,000 $ 97,500 180,000 $277,500 eBook $ 130.00 300.00 $ 430.00 $ 130.00 240.00 Hint $ 370.00 Print References Riverside sells its canoes for $660 each. Next year Riverside expects to sell 1,000 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 to 2 decimal places (i.e. .1234 should be entered as 12.34%) and all other answers to the nearest dollar amount.) 6 Scenario 1 Raises Sales Price to $760 per Canoe Scenario 2 Increase Sales Price and Variable Cost per Unit by 10 Percent Scenario 3 Decrease Fixed Cost by 20 Percent Unit Contribution Margin 0.33 points Contribution Margin Ratio % % % eBook Contribution Margin Income Statement Hint Sales Revenue Variable Costs Print References Contribution Margin Fixed Costs 180,000 180,000 Net Operating Income