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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
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 0-1,800 units, and monthly production costs for the production of 1,300 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 (5130 fixed) Supervisor's salary Total Cost $2,500 6,700 560 3,200 Maintenance ($320 Fixed) 460 Depreciation 000 Suppose it sells each birdbath for $20 Required: 1. Calculate the unit contribution margin ond contribution margin ratio for each birdbath sold 2. Complete the contribution margin income statement assuming thet Morning Dove produces and sells 1,500 units Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,500 units (Round your Intermediate calculation to 2 decimal places.) MORNING DOVE COMPANY Contribution Margin income statement Expected for 1,500 Units: Contribution Margin Net Operating Income Required information Morning Dove Company manufactures one model of birdbath, which is very popular Moming Dove sells all units it produces each month. The relevant range is 0-1,800 units, and monthly production costs for the production of 1,300 units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Direct materials Direct labor Total Cost $2,500 6,700 Utilities (5130 fixed) 560 3,200 Maintenance ($320 fixed) Depreciation 460 800 Supervisor's salary Suppose it sells each birdbath for $20 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 1,500 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 Bedbath Contribution Margin Ratio Required Required 2 >
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