Product Profitability Analysis 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 $3,000 Variable cost of goods sold (3,150) (2,010) Manufacturing margin $1,850 $990 Variable selling expenses (1,100) (570) Contribution margin $750 $420 Fixed expenses Operating income (350) $400 (170) $250 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 Variable selling expenses Contribution margin Conquistador Hurricane Contribution margin ratio % %