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 $$6,800$ $$4,600$

Variable cost of goods sold $(4,280)(3,080)$

Manufacturing margin $$2,520$ $$1,520$

Variable selling expenses $(956)(646)$

Contribution margin $$1,564$ $$874$

Fixed expenses $(740)(350)$

Operating income $$824$ $$524$

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

Galaxy Sports Inc.