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 $4,200 $2,800 Variable cost of goods sold (2,650) (1,880) Manufacturing margin $1,550 $920 Variable selling expenses (794) (500) Contribution margin $756 $420 Fixed expenses (360) (170) Operating income $396 $250 In addition, the following sales unit volume information for the period is as follows: Sales unit volume Conquistador 2,400 Hurricane 1,700 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 x Contribution margin ratio 18 % %