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Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Fixed expenses Sales unit volume Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Conquistador Hurricane $5,600 $3,600 (3,530) (2,410) $2,070 $1,190 (614) $576 (230) $346 Sales Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin (894) $1,176 (550) $626 Contribution margin ratio 3,200 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 2,300 Conquistador % Hurricane %

Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Fixed expenses Sales unit volume Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Conquistador Hurricane $5,600 $3,600 (3,530) (2,410) $2,070 $1,190 (614) $576 (230) $346 Sales Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin (894) $1,176 (550) $626 Contribution margin ratio 3,200 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 2,300 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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Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Sales unit volume Sales Fixed expenses Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Variable cost of goods sold Manufacturing margin Variable selling expenses Conquistador Hurricane $5,600 $3,600 (3,530) (2,410) $2,070 $1,190 (894) Contribution margin $1,176 Contribution margin ratio (550) $626 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 3,200 (614) $576 (230) $346 2,300 Conquistador % $ Hurricane %
Transcribed Image Text:Sales price Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Sales unit volume Sales Fixed expenses Operating income In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Variable cost of goods sold Manufacturing margin Variable selling expenses Conquistador Hurricane $5,600 $3,600 (3,530) (2,410) $2,070 $1,190 (894) Contribution margin $1,176 Contribution margin ratio (550) $626 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 3,200 (614) $576 (230) $346 2,300 Conquistador % $ Hurricane %
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