Please do not give solution in image format thanku Required:1. Calculate the unit contribution margin and contribution margin ratio for each birdbath sold. (Round youranswers to 2 decimal places.)Sales Price$22.00Unit Contribution Margin 1 Sales Price$Sales RevenueVariable CostsVariable Cost per UnitMORNING DOVE COMPANYContribution Margin Income StatementExpected for 2,300 UnitsSContribution MarginFixed CostsNet Operating Income22.002. Complete the contribution margin income statement assuming that Morning Dove produces and sells2,300 units. (Round your intermediate calculations to 2 decimal places.)50,600= Unit Contribution Margin= Contribution Margin Ratioper Birdbath% Morning Dove Company manufactures one model of birdbath, which is very popular. Morning Dove sells allunits it produces each month. The relevant range is 0-2,500 units, and monthly production costs for theproduction of 2,100 units follow. Moming Dove's utilities and maintenance costs are mixed with the fixedcomponents shown in parentheses.Production CostsDirect materialsDirect laborUtilities ($110 fixed)Supervisor's salaryMaintenance ($310 fixed)DepreciationTotal cost$ 3,1007,1006002,900460800Suppose it sells each birdbath for $22.

Income statement is the one which is prepared by the entity to report its profits. It shows the net…

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 0-2,500 units, and monthly production costs for the production of 2,100 units follow. Moming Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Direct materials Direct labor Utilities ($110 fixed) Supervisor's salary Maintenance ($310 fixed) Depreciation Total cost $ 3,100 7,100 600 2,900 460 800 Suppose it sells each birdbath for $22.

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 0-2,500 units, and monthly production costs for the production of 2,100 units follow. Moming Dove's utilities and maintenance costs are mixed with the fixed components shown in parentheses. Production Costs Direct materials Direct labor Utilities ($110 fixed) Supervisor's salary Maintenance ($310 fixed) Depreciation Total cost $ 3,100 7,100 600 2,900 460 800 Suppose it sells each birdbath for $22.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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