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Business, 06.10.2019 08:00 katherinemoreno353

Calculating contribution margin and contribution ratio, preparing contribution margin income statement [lo 5-5]riverside inc. makes one model of wooden canoe. partial information for it follows: number of canoes produced and sold 400 600 750total costsvariable costs $ 54,000 $ 81,000 $ 101,250fixed costs 60,000 60,000 60,000total costs $ 114,000 $ 141,000 $ 161,250cost per unitvariable cost per unit $ 135.00 $ 135.00 $ 135.00fixed cost per unit 150.00 100.00 80.00total cost per unit $ 285.00 $ 235.00 $ 215.00riverside sells its canoes for $370 each. next year riverside expects to sell 1,000 canoes. required: complete the riverside’s contribution margin income statement for each independent scenario.

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