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Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Conquistador and Hurricane, from a single manufacturing facility. The manufacturing facility
Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Conquistador and Hurricane, from a single manufacturing facility. The manufacturing facility operates at 100% of capacity. The following per-unit information is available for the two products: Conquistador Hurricane Sales price $6,000 $3,600 Variable cost of goods sold (3,780) (2,410) Manufacturing margin $2,220 $1,190 Variable selling expenses (960) (542) Contribution margin $1,260 $648 Fixed expenses (590) (260) Operating income $670 $388 In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Sales unit volume 1,900 1,300 Question Content Area a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Galaxy Sports Inc. Contribution Margin by Product blank Conquistador Hurricane Sales $Sales $Sales Variable cost of goods sold Variable cost of goods sold Variable cost of goods sold Manufacturing margin $Manufacturing margin $Manufacturing margin Variable selling expenses Variable selling expenses Variable selling expenses Contribution margin $Contribution margin $Contribution margin Contribution margin ratio Contribution margin ratio % Contribution margin ratio %
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