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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