Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need help solving this with explanations on how problem was solved PowerTrain Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the

Need help solving this with explanations on how problem was solved

image text in transcribedimage text in transcribed
PowerTrain Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Mountain Monster and Desert Dragon, from a single manufacturing facility. The manufacturing facility operates at 100% of capacity. The following per-unit information is available for the two products: Mountain Monster Desert Dragon 2 Sales price $5,400.00 $5,225.00 US Variable cost of goods sold 3,290.00 3,500.00 Manufacturing margin $2,110.00 $1,725.00 Variable selling expenses 1,030.00 889.00 Contribution margin $1,080.00 $836.00 7 Fixed expenses 475.00 315.00 CO Income from operations $605.00 $521.00 In addition, the following sales unit volume information for the period is as follows: Mountain Monster Desert Dragon Sales unit volume 5,200 5,050a. Prepare a contribution margin by product report. Calculate the contribution margin ratio for each. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. PowerTrain Sports Inc. Score: 31/78 Contribution Margin by Product Mountain Monster Desert Dragon 2 Revenues 3 Variable cost of goods sold 4 Manufacturing margin Variable selling expenses 6 Contribution margin 7 Contribution margin ratio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems

Authors: Marshall RomneyPaul Steinbart

11th Edition

136015182, 978-0136015185

More Books

Students also viewed these Accounting questions

Question

What training is required for the position?

Answered: 1 week ago

Question

1. To understand how to set goals in a communication process

Answered: 1 week ago