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 $5,800 $3,400 Variable cost of goods sold (3,650) (2,280) Manufacturing margin $2,150 $1,120 Variable selling expenses (932) (474) Contribution margin $1,218 $646 Fixed expenses (570) (260) Operating income $648 $386 In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Sales unit volume 3,200 2,300 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 $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 %