Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
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Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: 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 Required 1 Required 3 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs 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. 515 Total costs Cost per unit Required 4 Variable cost per unit Fixed cost per unit Total cost per unit Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. 515 $ 76,735 149,900 $ 226,635 $ ? $ $ 76,735 149,900 226,635 $ 665 0.00 $ ? 7 665 ? 0 $ 0.00 $ 815 815 ? ? ? ? ? 0 0.00 Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: 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 515 $76,735 149,900 $ 226,635 Required 4 Unit contribution margin Contribution margin ratio ? ? 665 ? ? 7 Complete this question by entering your answers in the tabs below. per canoe % ? 815 7 ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. 7 ? Required 1 Required 3 Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. Note: Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole percent. ? Show less A 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 515 $ 76,735 149,900 $ 226,635 RIVERSIDE INCORPORATED Contribution Margin Income Statement For the Next Year ? 7 ? Contribution margin 665 Net operating income ? ? 7 Complete this question by entering your answers in the tabs below. 7 7 7 815 ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. ? 7 Required 1 Required 3 Required 4 Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. Note: Round your Contribution margin to 2 decimal places. ? ? ? Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: 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 Required 1 Required 3 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs 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. 515 Total costs Cost per unit Required 4 Variable cost per unit Fixed cost per unit Total cost per unit Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. 515 $ 76,735 149,900 $ 226,635 $ ? $ $ 76,735 149,900 226,635 $ 665 0.00 $ ? 7 665 ? 0 $ 0.00 $ 815 815 ? ? ? ? ? 0 0.00 Riverside Incorporated makes one model of wooden canoe. Partial information for it follows: 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 515 $76,735 149,900 $ 226,635 Required 4 Unit contribution margin Contribution margin ratio ? ? 665 ? ? 7 Complete this question by entering your answers in the tabs below. per canoe % ? 815 7 ? ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. 7 ? Required 1 Required 3 Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. Note: Round your contribution margin to the nearest whole dollar and your contribution margin ratio to the nearest whole percent. ? Show less A 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 515 $ 76,735 149,900 $ 226,635 RIVERSIDE INCORPORATED Contribution Margin Income Statement For the Next Year ? 7 ? Contribution margin 665 Net operating income ? ? 7 Complete this question by entering your answers in the tabs below. 7 7 7 815 ? Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $519 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. ? 7 Required 1 Required 3 Required 4 Next year Riverside expects to sell 865 canoes. Complete the contribution margin income statement for the company. Note: Round your Contribution margin to 2 decimal places. ? ? ?
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Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
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