Question: 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

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 $5,600 $3,600
Variable cost of goods sold (3,530) (2,410)
Manufacturing margin $2,070 $1,190
Variable selling expenses (1,174) (650)
Contribution margin $896 $540
Fixed expenses (420) (220)
Operating income $476 $320

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

Conquistador Hurricane
Sales unit volume 2,600 1,900

Question Content Area

a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent.

Conquistador Hurricane
Sales
Fixed cost of goods

Manufacturing margin
Variable selling expenses

Contribution margin
Contribution margin ratio

Help me answer A.

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