Business, 12.03.2021 18:30, janreyes39

E5-19 (Algo) 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 500 700 850 Total costs Variable costs $ 85,000 $ 119,000 $ 144,500 Fixed costs 238,000 238,000 238,000 Total costs $ 323,000 $ 357,000 $ 382,500 Cost per unit Variable cost per unit $ 170.00 $ 170.00 $ 170.00 Fixed cost per unit 476.00 340.00 280.00 Total cost per unit $ 646.00 $ 510.00 $ 450.00

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E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin I...