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 $3,600 $5,400 (3,400) Variable cost of goods sold (2,410) Manufacturing margin $2,000 $1,190 Variable selling expenses (812) (434) Contribution margin $1,188 $756 Fixed expenses (560) (300) Operating income $628 $456 In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Sales unit volume 3,300 2,500 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 Conquistador Hurricane Sales 17,820,000 9,000,000 Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Contribution margin ratio % %