Riverside Inc. makes one model of wooden canoe. Partial information for it follo

Question

Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 530 680 830 Total costs Variable costs Fixed costs $ 69,960 149,300 $219,260 Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit Required: 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) Number of Canoes Produced and Sold Total Costs 530 680 830 Variable Costs S 69,960 149,300 219,260 Fixed Costs Total Costs Cost per Unit Variable Cost per Unit Fixed Cost per Unit Total Cost per Unit 0.00 S 0.00 $ 0.00

Explanation / Answer

1) Completed table :

3) Unit contribution margin = 507-132 = 375 per unit

Contribution margin ratio = 375*100/507 = 74%

4) Contribution margin statement

Number of canoes produced and sold 530 680 830 Total cost Variable cost 69960 89760 109560 Fixed cost 149300 149300 149300 Total cost 219260 239060 258860 Cost per unit variable cost per unit 132 132 132 Fixed cost per unit 281.70 219.56 179.88 Total cost per unit 413.70 351.56 311.88

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