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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 operates at 100% of capacity. The following per-unit information is available for the two products:
Conquistador
Hurricane
Sales price
$6,400
$4,200
Variable cost of goods sold
(4,030)
(2,810)
Manufacturing margin
$2,370
$1,390
Variable selling expenses
(1,154)
(718)
Contribution margin
$1,216
$672
Fixed expenses
(570)
(270)
Operating income
$646
$402
In addition, the following sales unit volume information for the period is as follows:
Sales unit volume
2,800
2,000
Required -
a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent.
b. What advice would you give to the management of Galaxy Sports Inc. regarding the profitability of the two products?
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