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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: Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Sales unit volume Fixed expenses Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador 1,800 Hurricane 1,300 Sales Conquistador $4,400 (2,770) $1,630 Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin ✓ Contribution margin ratio a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Galaxy Sports Inc. Contribution Margin by Product ✓ (750) $880 (410) $470 ✓ Hurricane $3,000 (2,010) $990 (510) $480 (190) $290 Conquistador % Hurricane $ %

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: Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Sales unit volume Fixed expenses Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador 1,800 Hurricane 1,300 Sales Conquistador $4,400 (2,770) $1,630 Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin ✓ Contribution margin ratio a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Galaxy Sports Inc. Contribution Margin by Product ✓ (750) $880 (410) $470 ✓ Hurricane $3,000 (2,010) $990 (510) $480 (190) $290 Conquistador % Hurricane $ %

FINANCIAL ACCOUNTING
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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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: Hurricane $3,000 (2,010) Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Fixed expenses Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane 1,300 Sales unit volume Sales Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Contribution margin ratio Conquistador $4,400 (2,770) $1,630 ✓ a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Galaxy Sports Inc. Contribution Margin by Product ✓ (750) $880 (410) $470 1,800 Conquistador $990 (510) $480 (190) $290 % Hurricane %
Transcribed Image Text: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: Hurricane $3,000 (2,010) Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Fixed expenses Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane 1,300 Sales unit volume Sales Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Contribution margin ratio Conquistador $4,400 (2,770) $1,630 ✓ a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Galaxy Sports Inc. Contribution Margin by Product ✓ (750) $880 (410) $470 1,800 Conquistador $990 (510) $480 (190) $290 % Hurricane %
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