Question: Requlred information ES-4 and E5-5 [LO 5-1, 5-5] [The following information applies to the questions displayed below] Morning Dove Company manufactures one model of birdbath,
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Requlred information ES-4 and E5-5 [LO 5-1, 5-5] [The following information applies to the questions displayed below] 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 2,000 units, and monthly production costs for the production of 1,700 units follow. Moming Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. E5-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Suppose it selis each birdbath for $24. 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 1,900 units: Complete this question by entering your answers in the tabs below. Calculate the unit contribution margin and contribution margin ratio for each birdbeth sold. Note: Round your intermediate calculations and final answer to 2 dedmal places. Enter all amourts as positive values Complete the contribution margin income statement assuming that Morning Dove produces and sells 1,900 units
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