Question

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

Number of Canoes Produced and Sold | ||||||

495 | 645 | 795 | ||||

Total costs | ||||||

Variable costs | $ | 72,270 | ? | ? | ||

Fixed costs | 149,200 | ? | ? | |||

Total costs | $ | 221,470 | ? | ? | ||

Cost per unit | ||||||

Variable cost per unit | ? | ? | ? | |||

Fixed cost per unit | ? | ? | ? | |||

Total cost per unit | ? | ? | ? | |||

**Required:**

**1.** Complete the table.

**3.** Suppose Riverside sells its canoes for $516
each. Calculate the contribution margin per canoe and the
contribution margin ratio.

**4.** Next year Riverside expects to sell 845
canoes. Complete the contribution margin income statement for the
company.

Answer #1

Riverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
520
670
820
Total costs
Variable costs
$
71,760
?
?
Fixed costs
148,000
?
?
Total costs
$
219,760
?
?
Cost per unit
Variable cost per unit
?
?
?
Fixed cost per unit
?
?
?
Total cost per unit
?
?
?
Required:
1. Complete the table.
3. Suppose Riverside sells its canoes for $515
each. Calculate...

Riverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
470
620
770
Total costs
Variable costs
$
66,740
?
?
Fixed costs
149,400
?
?
Total costs
$
216,140
?
?
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.) ...

Riverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
550
700
850
Total costs
Variable costs
$
73,150
?
?
Fixed costs
149,700
?
?
Total costs
$
222,850
?
?
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.) ...

Riverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
505
655
805
Total costs
Variable costs
$
66,660
?
?
Fixed costs
148,400
?
?
Total costs
$
215,060
?
?
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.)...

Riverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
515
665
815
Total costs
Variable
costs
$
69,525
?
?
Fixed costs
149,600
?
?
Total costs
$
219,125
?
?
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.) ...

Riverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
550
750
900
Total costs
Variable costs
$
107,250
$
146,250
$
175,500
Fixed costs
247,500
247,500
247,500
Total costs
$
354,750
$
393,750
$
423,000
Cost per unit
Variable cost per unit
$
195.00
$
195.00
$
195.00
Fixed cost per unit
450.00
330.00
275.00
Total cost per unit
$
645.00
$
525.00
$
470.00
Riverside sells its canoes for...

Sandy Bank, Inc., makes one model of wooden canoe. Partial
information is given below.
Required:
1. Complete the following table.
2. Suppose Sandy Bank sells its canoes for $510
each. Calculate the contribution margin per canoe and the
contribution margin ratio.
3. This year Sandy Bank expects to sell 830
canoes. Prepare a contribution margin income statement for the
company.
4. Calculate Sandy Bank’s break-even point in
units and in sales dollars.
5. Suppose Sandy Bank wants to earn $68,000...

Sandy Bank, Inc., makes one model of wooden canoe. Partial
information is given below.
Required:
1. Complete the following table.
2. Suppose Sandy Bank sells its canoes for $580
each. Calculate the contribution margin per canoe and the
contribution margin ratio.
3. This year Sandy Bank expects to sell 760
canoes. Prepare a contribution margin income statement for the
company.
4. Calculate Sandy Bank’s break-even point in
units and in sales dollars.
5. Suppose Sandy Bank wants to earn $74,000...

Sandy Bank, Inc., makes one model of wooden canoe. Partial
information is given below.
Required:
1. Complete the following table.
2. Suppose Sandy Bank sells its canoes for $550
each. Calculate the contribution margin per canoe and the
contribution margin ratio.
3. This year Sandy Bank expects to sell 810
canoes. Prepare a contribution margin income statement for the
company.
4. Calculate Sandy Bank’s break-even point in
units and in sales dollars.
5. Suppose Sandy Bank wants to earn $81,000...

Sandy Bank, Inc., makes one model of wooden canoe. Partial
information is given below.
Required:
1. Complete the following table.
2. Suppose Sandy Bank sells its canoes for $550
each. Calculate the contribution margin per canoe and the
contribution margin ratio.
3. This year Sandy Bank expects to sell 830
canoes. Prepare a contribution margin income statement for the
company.
4. Calculate Sandy Bank’s break-even point in
units and in sales dollars.
5. Suppose Sandy Bank wants to earn $81,000...

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