Homework Answers
Solution
| Scenario 1-Raises sales Price to $750 per canoe | Scenario 2 Increase sales price and variable cost per unit by 10% | Scenario 3-Derease Fixed cost by 20% | |
| Unit Contribution Margin | $ 540.00 | $ 484.00 | $ 440.00 |
| Contribution Margin ratio | 72.00% | 67.69% | 67.69% |
| Contribution Margin Income Statement | |||
| Sales | $ 750,000.00 | $ 715,000.00 | $ 650,000.00 |
| Less: Variable Cost | $ 210,000.00 | $ 231,000.00 | $ 210,000.00 |
| Contribution Margin | $ 540,000.00 | $ 484,000.00 | $ 440,000.00 |
| Less: Fixed Cost | $ 198,000.00 | $ 198,000.00 | $ 158,400.00 |
| Net Operating Income | $ 342,000.00 | $ 286,000.00 | $ 281,600.00 |
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Saved Help E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement [LO...
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...
E5-19 (Algo) Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statemen...
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 $ 92,500 Fixed costs 178,500 Total costs $271,000 Cost per unit Variable cost per unit $ 185.00 Fixed cost per unit 357.00 Total cost per unit $ 542.00 $129,500 178,500 $308,000 $157,250 178,500 $335, 750 $ 185.00 255.00 $...
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: 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 $ 195....
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 $...
E5-16 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: 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 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: 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...
Riverside Inc, makes one model of wooden canoe. Partial information for it follows: 750 900 Number...
Riverside Inc, makes one model of wooden canoe. Partial information for it follows: 750 900 Number of Canoes Produced and Sold 550 Total costs Variable costs $ 104,500 Fixed costs 198,000 Total costs $302,500 Cost per unit Variable cost per unit $ 190.00 Fixed cost per unit 360.00 Total cost per unit $ 550.00 $142,500 198,000 $340,500 $171,000 198,000 $369,000 $ 190.00 264.00 $ 454.00 $ 190.00 220.00 $ 410.00 Riverside sells its canoes for $630 each. Next year Riverside...
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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: 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 $ 195....
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 $...
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: 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 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: 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...
Riverside Inc, makes one model of wooden canoe. Partial information for it follows: 750 900 Number of Canoes Produced and Sold 550 Total costs Variable costs $ 104,500 Fixed costs 198,000 Total costs $302,500 Cost per unit Variable cost per unit $ 190.00 Fixed cost per unit 360.00 Total cost per unit $ 550.00 $142,500 198,000 $340,500 $171,000 198,000 $369,000 $ 190.00 264.00 $ 454.00 $ 190.00 220.00 $ 410.00 Riverside sells its canoes for $630 each. Next year Riverside...
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