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 of 1,200 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 ($320 fixed) Depreciation Total Cost $ 1,900 7,900 580 2,700 460 800 E5-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Suppose it sells each birdbath for $22. 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. 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 values. Profit Sales Price Unit Contribution Margin Unit Contribution Margin per Birdbath Contribution Margin Ratio % Required 1 Required 2 > Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,400 units. Morning Dove Company Contribution Margin Income Statement Expected for 1,400 Units Cost of goods sold Fixed costs Gross margin Interest expense Net income after taxes Net operating income Net operating income 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 values. Unit Contribution Margin per Birdbath Contribution Margin Ratio % Morning Dove Company Contribution Margin Income Statement Expected for 1,400 Units Contribution margin Net operating income