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 $5,800 $3,600 Variable cost of goods sold (3,650) (2,410) Manufacturing margin $2,150 $1,190 Variable selling expenses (1,164) (686) Contribution margin $986 $504 Fixed expenses (460) (200) $526 $304 Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Sales unit volume 2,900 2,100 a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Galaxy Sports Inc.

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 $5,800 $3,600 Variable cost of goods sold (3,650) (2,410) Manufacturing margin $2,150 $1,190 Variable selling expenses (1,164) (686) Contribution margin $986 $504 Fixed expenses (460) (200) $526 $304 Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Sales unit volume 2,900 2,100 a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Galaxy Sports Inc.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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