View previous attempt Check my work Required information E5-4 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 1,500 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 ($140 fixed) Supervisor's salary Maintenance ($270 fixed) Depreciation Total Cost $ 2,300 7,100 580 3,300 510 850 E5-5 (Algo) Calculating Contribution Margin and Contribution Margin Ratio, Preparing Contribution Margin Income Statement [LO 5-5] Suppose it sells each birdbath for $26. 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 1,700 units. Complete this question by entering your answers in the Required 1 Required 2 Complete the contribution margin income statement assuming produces and sells 1,700 units. Morning Dove Company Contribution Margin Income Statement Expected for 1,700 Units Morning Dove Sales revenue Variable costs $ 44,200 Contribution margin $ 32,776 Fixed costs 4,560 Net operating income $ 28,216