eBook Print Item Territory and Product Profitability Analysis Coast to Coast Surfboards Inc, manufactures and sells two styles of surfboards, Atlantic Wave and Pacific Pounder. These surfboards are sold in two regions, East Coast and West Coast. Information about the two surfboards is as follows: Atlantic Wave Pacific Pounder Sales price $300 $250 Variable cost of goods sold per unit (111) (115) Manufacturing margin per unit $189 $135 Variable selling expense per unit (123) (65) Contribution margin per unit $66 $70 The sales unit volume for the territories and products for the period is as follows: East Coast West Coast Atlantic Wave 2,960 1,480 Pacific Pounder 0 1,480 a. Prepare a contribution margin by sales territory report compute the contribution margin ratio for each territory as a whole percent, rounded to two decimal places, if required, Coast to Coast Surfboards Inc. Contribution Margin by Territory East Coast West Coast eBook Print Item Tuition per credit hour $120 $135 Credit hours 60,450 43,200 Registration, records, and marketing costs per enrolled student $275 $275 Instructional costs per credit hour $64 $60 Depreciation on classrooms and equipment $825,600 $825,600 Registration, records, and marketing costs vary by the number of enrolled students, while instructional costs vary by the number of credit hours, Depreciation is a fixed cost. Prepare a variable costing income statement showing the contribution margin and operating income for the Fait term. Underwater University Variable Costing Income Statement For the Fall Term Revenue Variable costs Registration, records, and marketing costs Instructional costs Total variable costs VODI Contribution margin Depreciation on classrooms and equipment Operating income