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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 $6,600 Variable cost of goods sold (4,160) Manufacturing margin $2,440 Variable selling expenses Contribution margin Fixed expenses (1,252) $1,188 (560) Operating income $628 In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Sales unit volume 2,400 Question Content Area Conquistador Hurricane Sales a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Variable cost of goods sold Manufacturing margin Variable selling expenses Galaxy Sports Inc. Contribution Margin by Product Contribution margin Contribution margin ratio 1,700 $4,000 (2,680) $1,320 (760) $560 (220) $340 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 $6,600 Variable cost of goods sold (4,160) Manufacturing margin $2,440 Variable selling expenses Contribution margin Fixed expenses (1,252) $1,188 (560) Operating income $628 In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Sales unit volume 2,400 Question Content Area Conquistador Hurricane Sales a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent. Variable cost of goods sold Manufacturing margin Variable selling expenses Galaxy Sports Inc. Contribution Margin by Product Contribution margin Contribution margin ratio 1,700 $4,000 (2,680) $1,320 (760) $560 (220) $340 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: Sales price $6,600 Variable cost of goods sold (4,160) Manufacturing margin $2,440 Variable selling expenses (1,252) Contribution margin $1,188 Fixed expenses Sales unit volume 2,400 Question Content Area (560) Operating income $628 In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Conquistador Hurricane Galaxy Sports Inc. Contribution Margin by Product Sales 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. $4,000 (2,680) $1,320 1,700 Conquistador (760) $560 (220) $340 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: Sales price $6,600 Variable cost of goods sold (4,160) Manufacturing margin $2,440 Variable selling expenses (1,252) Contribution margin $1,188 Fixed expenses Sales unit volume 2,400 Question Content Area (560) Operating income $628 In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Conquistador Hurricane Galaxy Sports Inc. Contribution Margin by Product Sales 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. $4,000 (2,680) $1,320 1,700 Conquistador (760) $560 (220) $340 Hurricane
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