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Prepare a contribution margin by product report

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Reference no: EM132929027

Problem - 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

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

Reference no: EM132929027

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