Complete the riversides contribution margin income statement

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Reference no: EM131971660

Problem

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

Number of Canoes Produced and Sold	400	600	750
Total costs
Variable costs	52,000	78,000	97,500
Fixed costs	180,000	180,000	180,000
Total costs	232,000	258,000	277,500
Cost per unit
Variable cost per unit	130.00	130.00	130.00
Fixed cost per unit	450.00	300.00	240.00
Total cost per unit	580.00	430.00	370.00

Riverside sells its canoes for $660 each. Next year Riverside expects to sell 1,000 canoes.

Required:

Complete the Riverside's contribution margin income statement for each independent scenario. Assuming each scenario is a variation of Riverside's original data.

Scenerio 1 Rises Sales Price to $760 per canoe
Scenerio 2 Increases Sales Price and Variable Cost per Unit by 10%
Scenerio 3 Decrese Fixed Cost by 20%.

Reference no: EM131971660

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