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	(626)		(332)
Contribution margin	$924		$588
Fixed expenses	(430)		(240)
Operating income	$494		$348

In addition, the following sales unit volume information for the period is as follows:

	Conquistador		Hurricane
Sales unit volume	2,200		1,600

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	$fill in the blank 96db2c082fd7005_2	$fill in the blank 96db2c082fd7005_3
Variable cost of goods sold	fill in the blank 96db2c082fd7005_5	fill in the blank 96db2c082fd7005_6
Manufacturing margin	$fill in the blank 96db2c082fd7005_8	$fill in the blank 96db2c082fd7005_9
Variable selling expenses	fill in the blank 96db2c082fd7005_11	fill in the blank 96db2c082fd7005_12
Contribution margin	$fill in the blank 96db2c082fd7005_14	$fill in the blank 96db2c082fd7005_15
Contribution margin ratio	fill in the blank 96db2c082fd7005_17%	fill in the blank 96db2c082fd7005_18%