Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
need help thank you ssignment Saved Help Save & Exit Check Required information Morning Dove Company manufactures one model of birdbath, which is very popular.
need help thank you ssignment Saved Help Save & Exit Check Required information 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 1,100 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses Production costs Total Cost Direct materials $2,500 Direct labor 7,500 Utilities ($130 640 fixed) Supervisor's salary 2,800 Maintenance ($260 480 fixed) Depreciation 800 Suppose it sells each birdbath for $22. Search E a Required 1 Required 2 s 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.) allook Hint Sales price per unit $ Variable Cost per Unit Unit Contribution Margin Print 22.00 por Birdbath ferences Contribution Margin Ratio %6 Required 2 > e here to search o a ? Part 2 of 2 Complete this rectinn hy entering your answers in the tabs below. Required 2 10 points Required 1 Required Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,300 units. (Round your intermediate calculation to 2 decimal places.) eBook Hint Print MORNING DOVE COMPANY Contribution Margin Income Statement Expected for 1,300 Units Sales Revenue Variable Costs References Contribution Margin Mc HII Graw Type here to search a 8
need help thank you
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started