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:

ConquistadorHurricaneSales price$5,200 $3,400 Variable cost of goods sold(3,280) (2,280) Manufacturing margin$1,920 $1,120 Variable selling expenses(724) (542) Contribution margin$1,196 $578 Fixed expenses(560) (230) Operating income$636 $348

In addition, the following sales unit volume information for the period is as follows:

ConquistadorHurricaneSales unit volume3,500 2,600

Question Content Area

a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent.