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Prepare a contribution margin by product report

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Question - 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

$6,000

$4,000

Variable cost of goods sold

(3,780)

(2,680)

Manufacturing margin

$2,220

$1,320

Variable selling expenses

(840)

(720)

Contribution margin

$1,380

$600

Fixed expenses

(650)

(240)

Operating income

$730

$360

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

 

Conquistador

Hurricane

Sales unit volume

3,600

2,600

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

Reference no: EM133169087

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