Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVS), the Conquistador and...
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Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVS), the Conquistador and Hurricane, from a single manufactur manufacturing facility operates at 100% of capacity. The following per-unit information is available for the two products: Conquistador Hurricane Sales price $6,800 $4,400 Variable cost of goods sold (4,280) (2,950) Manufacturing margin $2,520 $1,450 Variable selling expenses (1,160) (834) Contribution margin $1,360 $616 Fixed expenses (640) (250) Operating income $720 $366 In addition, the following sales unit volume information for the period is as follows: Sales unit volume Conquistador 1,900 Hurricane 1,400 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 Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVS), the Conquistador and Hurricane, from a single manufactur manufacturing facility operates at 100% of capacity. The following per-unit information is available for the two products: Conquistador Hurricane Sales price $6,800 $4,400 Variable cost of goods sold (4,280) (2,950) Manufacturing margin $2,520 $1,450 Variable selling expenses (1,160) (834) Contribution margin $1,360 $616 Fixed expenses (640) (250) Operating income $720 $366 In addition, the following sales unit volume information for the period is as follows: Sales unit volume Conquistador 1,900 Hurricane 1,400 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
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