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 0-1,500 units, and monthly production costs for the production of 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 ($100 fixed) Total Cost $1,500 7,500 650 3,000 Maintenance ($280 fixed) Depreciation 480 800 Supervisor's salary Suppose it sells each birdbath for $25. 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 1,400 units. 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 plac Enter all amounts as positive values.) Sales price per unit $ Variable Cost per Unit Unit contribution margin 25.00 $ 7.23 $ 17.77 x per Birdbath Unit contribution margin $ Sales price per unit 17.77 x $ Contribution margin ratio 25.00 71.08 % < Required 1 Required 2 > Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,400 units. (Round your intermediate calculation to 2 decimal places.) MORNING DOVE COMPANY Contribution Margin Income Statement Expected for 1,400 Units Contribution margin Net operating income < Required 1 Required 2 >