Required Information E5-4 and E5-5 [LO 5-1,5-5] 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 0-1.900 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 Total Cost Direct materials $ 2,980 Direct labor 7,780 Utilities ($130 fixed) Supervisor's salary 3,428 Maintenance ($320 fixed) Depreciation 750 600 E5-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio, Preparing Contribution Margin Income Statement (LO 5-5) Suppose it sells each birdbath for $30. Required: 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. 2. Complete the contribution margin income statement assuming that Moming Dove produces and sells 1700 units. 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.) Unit Contribution Margin per Bindbath = Contribution Margin Ratio 96 Complete the contribution margin income statement assuming that Morning Dove 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 Contribution Margin Net Operating Income