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Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles ( ATVs ) , the Conquistador and Hurricane, from a single manufacturing facility.

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 $5,400 $3,400
Variable cost of goods sold (3,400)(2,280)
Manufacturing margin $2,000 $1,120
Variable selling expenses (758)(576)
Contribution margin $1,242 $544
Fixed expenses (580)(220)
Operating income $662 $324
In addition, the following sales unit volume information for the period is as follows:
Conquistador Hurricane
Sales unit volume 3,2002,300
Question Content Area
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
blank
Conquistador Hurricane
Sales
$Sales
$Sales
Variable cost of goods sold
Variable cost of goods sold
Variable cost of goods sold
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
%

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