Homework Answers
Schedule
| Number of canoes produced and sold | 520 | 670 | 820 |
| Total Cost | |||
| Variable cost | 69680 | 89780 | 109880 |
| Fixed cost | 148800 | 148800 | 148800 |
| Total Cost | 218480 | 238580 | 258680 |
| Cost per unit | |||
| variable cost per unit | 134 | 134 | 134 |
| Fixed cost per unit | 286.15 | 222.09 | 181.46 |
| Total cost per unit | 420.15 | 356.09 | 315.46 |
b) Contribution margin per canoes = 518-134 = 384
Contribution margin ratio = 384/518 = 74.13%
c) Contribution margin income statement
| Sales (518*870) | 450660 |
| variable cost (870*134) | 116580 |
| Contribution margin | 334080 |
| Fixed cost | 148800 |
| Operating income | 185280 |
Add Answer to:
Required 1 Required 3 Required 4 Complete the table. (Round your cost per unit answers to...
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...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
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 $ 64,860 ? ? Fixed costs 149,600 ? ? Total costs $ 214,460 ? ? 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 $520 each. Calculate...
Required 1 Required 2 Required 3 Required 4 Required 5 Complete the following table. (Round your...
Required 1 Required 2 Required 3 Required 4 Required 5 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) 430 620 780 $ 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 60,630 138,460 199,090 $ Total Cost per Unit Required 1 Required 2 > Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below....
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 495645795 Total costs Variable costs $ 67, 320 ? Fixed costs 148, 400 _ ? Total costs $215,720 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 $518 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 530 680 830 Total costs Variable costs $ 69,960 ? ? Fixed costs 148,800 ? ? Total costs $ 218,760 ? ? 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 $501 each. Calculate...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 530 680 83e Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 73,670 148,600 $222,270 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $517 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to...
Complete the questions with the data given please :) Riverside Inc. makes one model of wooden...
Complete the questions with the data given please :)
Riverside Inc. makes one model of wooden canoe. Partial Information for It follows: Number of Canoes Produced and sold 480 630 780 ? $ 69,600 149,700 $219,300 ? ? . 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. 3. Suppose Riverside sells its canoes for $502 each. Calculate the contribution margin...
iverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
iverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
510
660
810
Total costs
Variable costs
$
70,380
?
?
Fixed costs
149,300
?
?
Total costs
$
219,680
?
?
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 $520
each. Calculate...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes...
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 $ 64,390 ? ? Fixed costs 149,300 ? ? Total costs $ 213,690 ? ? 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.) ...
Calculations would be greatly appreciated as well! Riverside Inc. makes one model of wooden canoe. Partial...
Calculations would be greatly appreciated
as well!
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 500 650 800 Total costs Variable costs $ 67,500 ? ? Fixed costs 149,500 ? ? Total costs $217,000 ? ? Cost per unit Variable cost per unit ? ? ? Fixed cost per unit ? ? ? Total cost per unit ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells...
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...
Required 1 Required 2 Required 3 Required 4 Required 5 Complete the following table. (Round your "Cost per Unit" answers to 2 decimal places.) 430 620 780 $ 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 60,630 138,460 199,090 $ Total Cost per Unit Required 1 Required 2 > Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below....
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 495645795 Total costs Variable costs $ 67, 320 ? Fixed costs 148, 400 _ ? Total costs $215,720 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 $518 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year...
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and sold 530 680 83e Total costs Variable costs Fixed costs Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 73,670 148,600 $222,270 Required: 1. Complete the table. 3. Suppose Riverside sells its canoes for $517 each. Calculate the contribution margin per canoe and the contribution margin ratio. 4. Next year Riverside expects to...
Complete the questions with the data given please :)
Riverside Inc. makes one model of wooden canoe. Partial Information for It follows: Number of Canoes Produced and sold 480 630 780 ? $ 69,600 149,700 $219,300 ? ? . 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. 3. Suppose Riverside sells its canoes for $502 each. Calculate the contribution margin...
iverside Inc. makes one model of wooden canoe. Partial
information for it follows:
Number of Canoes Produced and Sold
510
660
810
Total costs
Variable costs
$
70,380
?
?
Fixed costs
149,300
?
?
Total costs
$
219,680
?
?
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 $520
each. Calculate...
Calculations would be greatly appreciated
as well!
Riverside Inc. makes one model of wooden canoe. Partial information for it follows: Number of Canoes Produced and Sold 500 650 800 Total costs Variable costs $ 67,500 ? ? Fixed costs 149,500 ? ? Total costs $217,000 ? ? Cost per unit Variable cost per unit ? ? ? Fixed cost per unit ? ? ? Total cost per unit ? ? ? Required: 1. Complete the table. 3. Suppose Riverside sells...
Most questions answered within 3 hours.
-
With a $16 Trillion national ebt, and projected annual budget
eficits in excess of $1 Trillion...
asked 2 minutes ago -
A machine shop owner wishes to assign each of three machinists
(labeled 1, 2, and 3)...
asked 17 minutes ago -
Regarding language development, which of the following
statements is FALSE?
Babies are able to cry from...
asked 16 minutes ago -
A couple of small ice cubes at 0 °C are added to glass of warm
water...
asked 14 minutes ago -
Slow 'n Steady, Inc., has a stock price of $30, will pay a
dividend next year...
asked 18 minutes ago -
During the current financial year, the owner of Omega
Enterprises withdrew supplies of $2,000 for personal...
asked 14 minutes ago -
PLEASE SHOW MATH CALCULATION(formulas)it has to be done on excel
P12-4 Last year (2016), Richter Condos...
asked 22 minutes ago -
A 0.25μF capacitor is charged to 50 V . It is then connected in
series with...
asked 38 minutes ago -
Calculate the current, I, through the batteries for:
- a 2-bulb parallel circuit
- How does...
asked 40 minutes ago -
Choose the sentence that uses correct punctuation.
1a. The prefatory parts of a report include the...
asked 46 minutes ago -
For the element arsenic, which one of the following sets of
quantum numbers could not apply...
asked 55 minutes ago -
Compare and contrast the architectures of 3 types of ADCs:
Flash, SAR, and pipelined. Use the...
asked 56 minutes ago