Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. Complete the contribution margin income statement assuming that Morning Dove produces and
Calculate the unit contribution margin and contribution margin ratio for each birdbath sold.
Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,500 units.
Required information E5-4 and E5-5 [L0 5-1, 5-5] [The following information applies to the questions displayed below] 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 to 1,700 units, and monthly production costs for the production of1,300 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Total Cost Direct materials $ 2,100 Direct labor 7,900 Utilities ($130 fixed) 580 Supervisor's salary 3,100 Maintenance ($340 fixed) 470 Depreciation 850 E5-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio, Preparing Contribution Margin Income Statement [L0 5-5] Suppose it sells each birdbath for $30. 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 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 1,500 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. Note: Round your intermediate calculations and final answer to 2 decimal places. Enter all amounts as positive va Sales price per unit - ariable Cost per Unit B Unit Contribution Margin _ $ 30.00 - $ 8.14 a $ 21.86 per Birdbath nit Contribution Margin Sales price per unit a Contribution Margin Ratio _ 2. Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,500 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 1,500 units. Contribution margin _ _ _ Net operating income _
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