![E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Inc. makes one model](http://img.homeworklib.com/questions/e9c16660-7282-11ea-8290-39cb01c468a9.png?x-oss-process=image/resize,w_560)
Homework Answers
1) Complete table
| 485 | 635 | 785 | |
| Total Cost | |||
| Variable cost | 70810 | 92710 | 114610 |
| Fixed cost | 149400 | 149400 | 149400 |
| Total cost | 220210 | 242110 | 264010 |
| Cost per unit | |||
| Variable cost per unit | 146 | 146 | 146 |
| Fixed cost per unit | 308.04 | 235.28 | 190.32 |
| Total cost per unit | 454.04 | 381.28 | 336.32 |
2) Unit contribution margin = 506-146 = 360
Contribution margin ratio = 360/506 = 71%
3) Contribution margin income statement
| Sales (835*506) | 422510 |
| Variable cost (835*146) | 121910 |
| Contribution margin | 300600 |
| Fixed cost | 149400 |
| Net income | 151200 |
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E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Inc. makes one...
E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Inc. makes one...
E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] 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 Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 75,400 149,000 $224,400 7 Required: 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) 520 670 820...
E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Inc. makes one...
E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 455 605 755 $ 63,700 * 148,300 $212,000 Total costs Variable costs Fixed costs Total costs 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.) 455 6 05...
E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Inc. makes one...
E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 540 690 840 ? $ 78,840 149,600 $228.440 Total costs Variable costs Fixed costs Total costs 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.) 540 6 90...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc....
E5-16 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: 450 650 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 72,000 187,200 $259,200 $ 104,000 187,200 $ 291,200 800 $ 128,000 187,200 $315,200 $ $ 160.00 416.00 $ 576.00 160.00 288.00...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc....
E5-16 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: 550 750 900 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $107,250 247,500 $354,750 $ 146,250 247,500 $ 393,750 $ 175,500 247,500 $423,000 $ $ 195.00 450.00 $ 645.00 195.00 330.00 525.00...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc....
E5-16 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: ола 500 700 850 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 87,500 178,500 $266,000 $ 122,500 178,500 $ 301,000 $ 148,750 178,500 $327,250 $ 175.00 357.00 $ 532.00 $ 175.00...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc....
E5-16 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 550 750 900 Total costs Variable costs $112.750 $ 153,750 $ 184,500 Fixed costs 148,500 148.500 148,500 Total costs $261.250 $ 302,250 $ 333,000 Cost per unit Variable cost per unit $ 205.00 $ 205.00 $ 205.00 Fixed cost per unit 270.00 198.00 165.00 Total cost per...
E5-16 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside Inc,...
E5-16 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: 450 650 800 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 65,250 280,800 $346,050 $ 94,250 280,800 $375,050 $ 116,000 280,800 $396,800 $ $ 145.00 624.00 $ 769.00 145.00 432.00 577.00...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement (LO 5-5) Riverside...
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: 700 850 Number of Canoes Produced and sold 500 Total costs Variable costs $ 90,000 Fixed costs 119,000 Total costs $209,000 Cost per unit Variable cost per unit $ 180.00 Fixed cost per unit 238.00 Total cost per unit $ 418.00 $126,000 119,000 $245,000 $153,000 119,000 $272,000 $ 180.00 170.00 $ 350.00...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Riverside...
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: 450 650 800 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 72,000 187,200 $259,200 $ 104,000 187,200 $ 291, 200 $ 128,000 187,200 $315,200 $ 160.00 416.00 $ 576.00 $...
E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] 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 Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 75,400 149,000 $224,400 7 Required: 1. Complete the table. (Round your cost per unit answers to 2 decimal places.) 520 670 820...
E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 455 605 755 $ 63,700 * 148,300 $212,000 Total costs Variable costs Fixed costs Total costs 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.) 455 6 05...
E5-14 Determining Cost Behavior, Preparing Contribution Margin Income Statement [LO 5-1, 5-5] Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 540 690 840 ? $ 78,840 149,600 $228.440 Total costs Variable costs Fixed costs Total costs 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.) 540 6 90...
E5-16 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: 450 650 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 72,000 187,200 $259,200 $ 104,000 187,200 $ 291,200 800 $ 128,000 187,200 $315,200 $ $ 160.00 416.00 $ 576.00 160.00 288.00...
E5-16 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: 550 750 900 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $107,250 247,500 $354,750 $ 146,250 247,500 $ 393,750 $ 175,500 247,500 $423,000 $ $ 195.00 450.00 $ 645.00 195.00 330.00 525.00...
E5-16 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: ола 500 700 850 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 87,500 178,500 $266,000 $ 122,500 178,500 $ 301,000 $ 148,750 178,500 $327,250 $ 175.00 357.00 $ 532.00 $ 175.00...
E5-16 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 550 750 900 Total costs Variable costs $112.750 $ 153,750 $ 184,500 Fixed costs 148,500 148.500 148,500 Total costs $261.250 $ 302,250 $ 333,000 Cost per unit Variable cost per unit $ 205.00 $ 205.00 $ 205.00 Fixed cost per unit 270.00 198.00 165.00 Total cost per...
E5-16 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: 450 650 800 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 65,250 280,800 $346,050 $ 94,250 280,800 $375,050 $ 116,000 280,800 $396,800 $ $ 145.00 624.00 $ 769.00 145.00 432.00 577.00...
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: 700 850 Number of Canoes Produced and sold 500 Total costs Variable costs $ 90,000 Fixed costs 119,000 Total costs $209,000 Cost per unit Variable cost per unit $ 180.00 Fixed cost per unit 238.00 Total cost per unit $ 418.00 $126,000 119,000 $245,000 $153,000 119,000 $272,000 $ 180.00 170.00 $ 350.00...
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: 450 650 800 Number of Canoes Produced and Sold Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 72,000 187,200 $259,200 $ 104,000 187,200 $ 291, 200 $ 128,000 187,200 $315,200 $ 160.00 416.00 $ 576.00 $...
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