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 0-1,800 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 costs Direct materials Direct labor Utilities ($120 fixed) Supervisor's salary Maintenance ($270 fixed) Depreciation Total cost $1,500 6,700 550 2,700 480 800 E5-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio, Preparing Contribution Margin Income Statement (LO 5-5) 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 1700 units. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) Sales price per unit Variable Cost per Unit = Unit Contribution Margin 26.00 per Birdbath Unit Contribution Margin 1 Sales price per unit Contribution Margin Ratio 26.00 % Tenured Required 2 > 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 produce intermediate calculation to 2 decimal places.) MORNING DOVE COMPANY Contribution Margin Income Statement Expected for 1,700 Units Contribution Margin Net Operating Income