Calculate the contribution margin per canoe

Assignment Help Accounting Basics
Reference no: EM131565902

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

 

Number of Canoes

Produced

Sold

 

540

690

840

Total costs

 

 

 

Variable costs

$76,680

?

?

Fixed costs

148,100

?

?

Total costs

$224,780

?

?

Cost per unit

 

 

 

Variable cost per unit

?

?

?

Fixed cost per unit

?

?

?

Total cost per unit

?

?

?

Required:

1. Complete the table.

Number of Canoes Produced and Sold

 

 

 

Total costs

 

 

 

Variable costs

$76,680

 

 

Fixed costs

148,100

 

 

Total costs

$224,780

 

 

Cost per unit

 

 

 

Variable cost per unit

 

 

 

Fixed cost per unit

 

 

 

Total cost per unit

 

 

 

2. Suppose Riverside sells its canoes for $517 each. Calculate the contribution margin per canoe and the contribution margin ratio.

3. Next year Riverside expects to sell 890 canoes. Complete the contribution margin income statement for the company.

Reference no: EM131565902

Questions Cloud

Effects of water pollution on plant diversity : What effects did each of the contaminants have on the water in the experiment? Use Table 1 for reference.
Analyze the role of leadership in the situation : What challenges, threats, or opportunities do they pose? Analyze the role of leadership in the situation. Provide any environmental issues that should be co
Write a cost-benefit analysis of doctor faustus : Write a cost-benefit analysis of Doctor Faustus' decision to sell his soul to the devil. What exactly does Faustus sell or deed? What particularly does he give up? What does he gain in return?
What type of sampling might be best to use : What type of sampling might be best to use with such a subset? Why - What do these statistics tell us about these two sales regions?
Calculate the contribution margin per canoe : Suppose Riverside sells its canoes for $517 each. Calculate the contribution margin per canoe and the contribution margin ratio
What factors determine the size of waves : What factors determine the size of waves? How would the waves be different on Lake Michigan if the wind were to blow from North to South?
How union pacific will affected by each of external factors : Describe how Union Pacific will be affected by each of these external factors? determine if the industry is attractive or unattractive. Explain your rationale.
What are some of the contrasting cultural values : What are some of the contrasting cultural values about uncertainty avoidance, ethnocentrism and culture shock that could potentially influence a cultural silo?
Explain the five domains of personality : Explain the five domains of personality. Differentiate between malleable versus rigid elements of personality. Illustrate each dimension of your personality.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Beauty corp has an investment portfolio in which they keep

beauty corp has an investment portfolio in which they keep investments in equity securities and debt instruments. they

  On january 1 2011 pacer company paid 1920000 for 60000

on january 1 2011 pacer company paid 1920000 for 60000 shares of lennon co.s voting common stock which represents a 45

  Compute the revenue and expense for each four years

Required: Compute the revenue, expense, and profit/loss for each of the four years. Prepare journal entries relating to these Investments at fair value

  A manufacturing company that produces a single product has

a manufacturing company that produces a single product has provided the following data concerning its most recent month

  Bell company a manufacturer of audio systems started its

bell company a manufacturer of audio systems started its production in october 2012. for the preceding 3 years bell had

  State your keywords and which computer tax service

Juan sold IBM stock to Richard for a $10,000 loss. Richard is the husband of Juan's sister, Carla. How much of the loss can Juan deduct in the current year if Juan's taxable income is $55,000 and he has no other capital transactions?

  The balance sheet of tech track reports total assets of

the balance sheet of tech track reports total assets of 400000 and 500000 at the beginning and end of the year

  For purposes of this question assume that the excerpts from

for purposes of this question assume that the excerpts from the powers report shown in exhibit 3 provide accurate

  Calculate the cost of goods sold using the fifo

If Discount Electronics used the specific identification method instead of the FIFO method, what would Bargain's cost of goods sold be if the company wished to maximize earnings?

  Analyze whether the investment in the truck is profitable

Explain why limited leverage is good for business.Show the profitability of the project so that Stephanie can convince her father to purchase the truck by borrowing money.

  What is the date on the balance sheet

1. What is the date on the balance sheet? 2. Are there large discrepancies in balances between the prior year and the current year? 3. Did total assets increase over the prior year?

  Prepare a comparative balance sheet for 2014 and 2013

balance sheet data for hanes company on december 31 the end of the fiscal year are shown below.20142013current

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd