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Product Profitability Analysis Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles...

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Accounting

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 2,900 2,100

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
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