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Need help correcting what I got wrong. Thanks Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells all units
Need help correcting what I got wrong. Thanks
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 0-2,000 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 Costs Direct materiala Direct labor Utilities ($130 fixed) Supervisor's salary Maintenance ($290 fixed Depreciation Total Cost $3,100 7,900 610 3,200 510 850 Suppose it sells cach birdbath for $28. Required: 2. Complete the contribution margin income statement assuring that Morning Dove produces and sells 1700 units. Answer is not complete. Complete this question by entering vour answers in the tabs below. Complete this question by entering your answers in the tabs below. Part 2 of 2 Required 2 Complete the contribution margin income statement assuming that Morning Dave produces and sells 1,700 units. (Round your Intermediate calculation to 2 decimal places.) MORNING DOVE COMPANY Contribution Margin Income Statement Expected for 1,700 Units Sales Revenue $ 47,600 Variable Costs $ 805 Variable Costs $ 3,513 Variable costs $ 89,533 Contribution Margin $ 34.329 Fixed Costs OS 410 $ 850 $ 3.200 Net Operating Income $ 29,869Step by Step Solution
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