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 1,600 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 naterials Direct labor Utilities ($140 fixed) Supervisor's salary. Maintenance ($350 fixed) Depreciation Total Cont $1,700 7,700 600 3,200 470 800 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. 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. Note: Round your intermediate calculations and final answer to 2 decimal places. Enter all amounts as positive values. Unit Contribution Margin Contribution Margin Ratio per Birdbath %
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 1,600 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 naterials Direct labor Utilities ($140 fixed) Supervisor's salary. Maintenance ($350 fixed) Depreciation Total Cont $1,700 7,700 600 3,200 470 800 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. 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. Note: Round your intermediate calculations and final answer to 2 decimal places. Enter all amounts as positive values. Unit Contribution Margin Contribution Margin Ratio per Birdbath %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Please do not give solution in image format thanku
![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 1,600 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 Costa
Direct naterials
Direct labor
Utilities ($140 fixed)
Supervisor's salary.
Maintenance ($350 fixed)
Depreciation
Total Cost
$1,700
7,700
600
3,200
470
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.
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.
Note: Round your intermediate calculations and final answer to 2 decimal places. Enter all amounts as positive values.
Unit Contribution Margin
Contribution Margin Ratio
per Birdbath
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F41476158-3455-46b8-90cd-c93ebf8f3cd1%2F69a81c2c-5ef2-4a13-ac4a-3d030a07bfa7%2Fqj2ra0j_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 1,600 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 Costa
Direct naterials
Direct labor
Utilities ($140 fixed)
Supervisor's salary.
Maintenance ($350 fixed)
Depreciation
Total Cost
$1,700
7,700
600
3,200
470
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.
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.
Note: Round your intermediate calculations and final answer to 2 decimal places. Enter all amounts as positive values.
Unit Contribution Margin
Contribution Margin Ratio
per Birdbath
%
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