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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
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 01,800 units, and monthly production costs for the production of 1,400 units follow. Morning Doves utilities and maintenance costs are mixed with the fixed components shown in parentheses.
Morning Dove Company manufactures one model of birdbath, which is very popular. Moming Dove sells all units It produces each month. The relevant range ls 0-1,80d units, and monthly production costs for the production of 1,400 units follow. Morning Dove's utiliies and maintenance cosls are mixed with the fixed components shown in parertheses, Production Costs Direct malerials Direct lsbor LHilitins ($110 fixed) Eupervieor's salary Msintenance ($290 fixed Total Cost 1,900 6,500 640 3,300 490 Suppose it sells each birdbath for 522. Required: 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. (Round Variable cost per unit to 2 decimal places. Enter all amounts as positive values.) - Unit Contibuticn Margin per Bircdbath - Contribution Magin Ratio 2. Complete the contibution margin income statement assuming that Moning Dove produces and sells 1,600 units. (Round your intermediate calculation to two decimal place.) MORNING DOVE COMPANY Contribution Margin Income Statement Expected for 1,600 Units Contributicn Margin Net Operating IncomeStep by Step Solution
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