! Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-2,000 units, and monthly production costs for the production of 1,600 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses Production costs Total cost Direct materials $2,700 Direct labor 7,700 Utilities ($110 fixed) 590 Supervisor's salary 3,100 Maintenance ($340 Fixed) 500 Depreciation 700 os Suppose it sells each birdbath for $26. Required: 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. 2. Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,800 units. Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. (Round Variable cost per unit to 2 decimal places. Round your contribution margin ratio to 2 decimal places. Enter all amounts as positive values.) Unit Contribution Margin per Birdbath Contribution Margin Ratio % ROES Required 2 > O Required information Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units it produces each month. The relevant range is 0-2,000 units, and monthly production costs for the production of 1.600 units follow, Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production costs Total cost Direct materials $2,700 Direct labor 7.700 Utilities ($110 fixed) Supervisor's salary Maintenance ($340 fixed) Depreciation 580 3,100 500 700 Suppose It sells each birdbath for $26. Required: 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. 2. Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,800 units Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,800 units. (Round your Intermediate calculation to 2 decimal places.) MORNING DOVE COMPANY Contribution Margin Income Statement Expected for 1,800 Units Contribution Margin Net Operating Income 8 181 Alan Handy's Hats makes the world's best hats. Information for the last eight months follows: Month January February March April May June July August Number of Hats Produced 2,500 4,500 5,800 3,260 4,250 2,850 6,000 2,300 Total Cost 4,400 7,750 8,800 5,650 7,200 4,900 9,010 4,200 Suppose that Handy's expects to sell 4,300 hats during the month of September and that each hat sells for $2.75 Handy performed a least-squares regression and obtained the following results: Intercept x Variable 1 Coefficients 1,214.36 1.34 Prepare Handy's contribution margin income statement for the month of September. (Round your answers to 2 decimal places.) HANDY'S HATS Contribution Margin Income Statement Month of September Sales Revenue Total Variable Costs Contribution Margin Total Fixed Costs Net Operating Income
