Please do not give solution in image format thanku Product Profitability AnalysisGalaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVS), the Conquistador and Hurricane, from a singlemanufacturing facility. The manufacturing facility operates at 100% of capacity. The following per-unit information is available for thetwo products:ConquistadorSales priceVariable cost of goods soldManufacturing marginVariable selling expensesContribution marginHurricaneSales unit volume 2,300$6,600(4,160)$2,440(1,252)$1,188(560)$628Fixed expensesOperating incomeIn addition, the following sales unit volume information for the period is as follows:Conquistador Hurricane$4,400(2,950)$1,450Conquistador(834)$616(250)$366%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 Product1,700Hurricane%

MARGINAL COSTING INCOME STATEMENT Marginal Costing Income Statement is one of the Important Cost…

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 Conquistador Sales price $6,600 Variable cost of goods sold (4,160) Manufacturing margin $2,440 Variable selling expenses (1,252) Contribution margin $1,188 (560) $628 Sales unit volume 2,300 Fixed expenses Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane $4,400 (2,950) $1,450 Conquistador (834) $616 % (250) $366 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 1,700 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: Hurricane Conquistador Sales price $6,600 Variable cost of goods sold (4,160) Manufacturing margin $2,440 Variable selling expenses (1,252) Contribution margin $1,188 (560) $628 Sales unit volume 2,300 Fixed expenses Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane $4,400 (2,950) $1,450 Conquistador (834) $616 % (250) $366 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 1,700 Hurricane %

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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