Question: 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. (Round variable cost per unit to 2 decimal places.) 2. Complete

1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. (Round variable cost per unit to 2 decimal places.)
2. Complete the contribution margin income statement assuming that Morning Dove produced and sells 2,100 units. (Round intermediate calculation to two decimal places.)
 1. Calculate the unit contribution margin and contribution margin ratio for

instructions Ihelp Question 1 (of save & Exit | | Submit | value 8.00 points You did not receive full credit for this question in a previous attempt E5-3 Calculating Contribution Margin and Contribution Ratio, Preparing Contribution Margin Income Statement ILo 5-5) Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sels all units it produces each month. The relevant range is 0-2,400 units, and month production costs for the production of 1,900 units follow. Moming Dove's utities and maintenance costs are mixed with the fixed components shown in parentheses Production C Direct materials Direct labor Utlides ($140 fixed) Supervisor's salary Maintenance ($250 fixed) Depreciation Total Cost 1,900 7,700 650 3,100 470 900 Suppose it sells each birdbath for $20 Required: 1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold.(Round Variable cost per unit to 2 decimal places. Enter all amounts as positive

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!