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 $5,000 $3,400 Variable cost of goods sold (3,150) (2,280) Manufacturing margin $1,850 $1,120 Variable selling expenses (1,000) (644) Contribution margin $850 $476 Fixed expenses (400) (190) Operating income $450 $286 In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Sales unit volume 1,800 1,300 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 $Sales 5,000 $Sales 3,500 Variable cost of goods sold Variable cost of goods sold 3,150 Variable cost of goods sold 2,280 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 %