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Help please and if you could explain the calculations, that would really help. Thanks and please zoom in if needed. Morning Dove Company manufactures one
Help please and if you could explain the calculations, that would really help. Thanks and please zoom in if needed.
Morning Dove Company manufactures one model of birdbath, which is very popular. Moming Dove sells all units it produces cach month. The relevant range is 0-2,000 units, and monthly production costs for the production of 1,500 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costa Direct materials Direct labor Utilities ($130 fixed) Supervisor's salary Maintenance ($280 Fixed) Depreciation Total Coat $ 3,100 7,900 610 3,200 510 850 Suppose it sells each birdbath for $28. 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 1,700 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. (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 Suppose it sells each bird bath for $28. 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 1,700 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. (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 Profit = Contribution Margin Ratio Sales price per unit Unit Sold Required 1 Required 2 > Suppose it sells each birdbath for $28. 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 1,700 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. (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 Margin Ratio Fixed Cost per Unit Labor Cost per Unit Manufacturing Overhead Cost per Unit Variable Cost per Unit Suppose it sells each birdbath for $28. 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 1,700 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. (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 Required 1 Required 2 > Profit Sales Price Unit Contribution Margin Suppose it sells each birdbath for $28. 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 1,700 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. (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 Required 2 > Contribution Profit Sales price per unit Unit Sold 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. 2. Complete the contribution margin income statement assuming that Morning Dave produces and sells 1,700 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the contribution margin income statement assuming intermediate calculation to 2 decimal places.) Morning Dove produces and sells 1,700 units. (Round your MORNING DOVE COMPANY Contribution Margin Income Statement Expected for 1,700 Units Contribution Margin Net Operating Income 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. 2. Complete the contribution margin income statement assuming that Morning Dave produces and sells 1,700 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the contribution margin income statement assuming intermediate calculation to 2 decimal places.) Morning Dove produces and sells 1,700 units. (Round your MORNING DOVE COMPANY Contribution Margin Income Statement Expected for 1,700 Units Cost of Goods Sold Fixed Costs Gross Margin Interest Expense Net Income After Taxes Net Operating Income 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. 2. Complete the contribution margin income statement assuming that Morning Dave produces and sells 1,700 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the contribution margin income statement assuming intermediate calculation to 2 decimal places.) Morning Dove produces and sells 1,700 units. (Round your MORNING DOVE COMPANY Contribution Margin Income Statement Expected for 1,700 Units Interest Expense Net Income After Taxes Net Operating Income Sales Revenue Variable Costs Net Operating IncomeStep by Step Solution
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