Question: Please complete all parts! Required information E 5 - 4 and E 5 - 5 [ LO 5 - 1 , 5 - 5 ]
Please complete all parts! Required information
E and ELO
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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 to units, and monthly production costs for the production of units follow. Morning Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses.
tableProduction Costs,Total CostDirect materials,$
EAlgo Calculating Contribution Margin and Contribution Margin Ratio, Preparing Contribution Margin Income Statement LO
Suppose it sells each birdbath for $
Required:
Calculate the unit contribution margin and contribution margin ratio for each birdbath sold.
Complete the contribution margin income statement assuming that Morning Dove produces and sells units.
Complete this question by entering your answers in the tabs below.
Required
Required
Calculate the unit contribution margin and contribution margin ratio for each birdbath sold.
Note: Round your intermediate calculations and final answer to decimal places. For contribution margin percentage should be entered as Enter all amounts as positive values.
table Unit Contribution Margin,per Birdbath Contribution Margin Ratio,
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