Question

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.

Answer #1

Variable cost per unit | 133 | =73150/550 | |

1 | |||

Number of Canoes Produced and Sold |
550 |
700 |
850 |

Total costs | |||

Variable costs | 73150 | 93100 | 113050 |

Fixed costs | 149700 | 149700 | 149700 |

Total costs | 222850 | 242800 | 262750 |

Cost per unit | |||

Variable cost per unit | 133.00 | 133.00 | 133.00 |

Fixed cost per unit | 272.18 | 213.86 | 176.12 |

Total cost per unit | 405.18 | 346.86 | 309.12 |

3 | |||

Unit Contribution margin |
374 |
=507-133 | |

Contribution margin ratio |
74% |
=374/507 | |

4 | |||

Contribution margin income statement |
|||

Sales revenue | 456300 | =900*507 | |

Variable costs | 119700 | =900*133 | |

Contribution margin | 336600 | ||

Fixed costs | 149700 | ||

Net Operating income | 186900 |

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
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
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
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...

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
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...

Sandy Bank, Inc., makes one model of wooden canoe. Partial
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Required:
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3. This year Sandy Bank expects to sell 830
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4. Calculate Sandy Bank’s break-even point in
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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 810
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4. Calculate Sandy Bank’s break-even point in
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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
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4. Calculate Sandy Bank’s break-even point in
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information is given below.
Required:
1. Complete the following table.
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3. This year Sandy Bank expects to sell 760
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