Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVS), the Conquistador and...

 

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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. The manufacturing facility operates at 100% of capacity. The following per-unit information is available for the two products: Conquistador Hurricane Sales price $5,600 $3,600 Variable cost of goods sold (3,530) (2,410) Manufacturing margin $2,070 $1,190 Variable selling expenses (1,062) (578) Contribution margin $1,008 $612 Fixed expenses (470) (240) Operating income $538 $372 In addition, the following sales unit volume information for the period is as follows: Sales unit volume Conquistador 2,400 Hurricane 1,800 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 Sales Variable cost of goods sold Manufacturing margin Conquistador Hurricane x 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 $5,600 $3,600 Variable cost of goods sold (3,530) (2,410) Manufacturing margin $2,070 $1,190 Variable selling expenses (1,062) (578) Contribution margin $1,008 $612 Fixed expenses (470) (240) Operating income $538 $372 In addition, the following sales unit volume information for the period is as follows: Sales unit volume Conquistador 2,400 Hurricane 1,800 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 Sales Variable cost of goods sold Manufacturing margin Conquistador Hurricane x