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 $5,400 $3,600

Variable cost of goods sold (3,400) (2,410)

Manufacturing margin $2,000 $1,190

Variable selling expenses (758) (578)

Contribution margin $1,242 $612

Fixed expenses (580) (240)

Operating income $662 $372

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

Conquistador Hurricane

Sales unit volume 2,200 1,600

Question. Prepare acontribution marginby product report. Compute the contribution margin ratio for each product as a whole percent. Fill in the blank.

Conquistador Hurricane

Sales ________ _______

Variable cost of goods sold _________ ________

Manufacturing margin _________ ________

Variable selling expense ________ ________

Contribution margin _________ __________

Contribution ratio ___________ __________