Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. product profit analysis product profitabilit

Product Profit Analysis Product Profitability Analysis Galaxy Sports Inc....

50.1K

Verified Solution

Question

Accounting

Product Profit Analysis
image
image
Product Profitability Analysis Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATV), 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 $5,200 $3,400 Variable cost of goods sold (3,280) (2,280) Manufacturing margin $1,920 $1,120 Variable selling expenses (1,088) (644) Contribution margin $832 $476 Fixed expenses (390) (190) Operating income $442 $286 In addition, the following sales unit volume information for the period is as follows: Conquistador Hurricane Sales unit volume 3,600 2,700 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 Conquistador Hurricane Sales Variable cost of goods sold Manufacturing margin Variable selling expenses Contribution margin Contribution margin ratio % %

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Question 3Tamarama Ltd acquires $100% of Bronte Ltd on 1 July 2013.Tamarama Ltd pays...Question...

Accounting
Q

1.Discuss the two methods how Eugenics have been applied in modern history. 2. Explain the ethical issues (components)...

Biology
Q

The demand for Greta’s Grinders can be characterized by the following point elasticities: price elasticity = -0.8,...

Economics
Q

A ball of mass 2 kg is moving with speed 4 m s on horizontal...

Physics
Q

Use similar triangles to solve A person who is 6 feet tall is standing 120...

Calculus
Q

2 a Determine the height of the triangle at right b Determine the area of...

Algebra
Q

A company is considering the purchase of a new piece of equipment for $109,200. Predicted...

Accounting
Q

Match the terms to the examples/statements Group of answer choices Debt to Assets ...

Accounting
Q

Ern Shelton,Inc., wants to eam a tarpet proft of $840,000 this year: The company's fxed...

Accounting
Q

[The following information applies to the questions displayed below.] Three years ago, Adrian...

Accounting
Q

Problem-Solving Questions 1 (10 pts). Martin Manufacturing held three interest-bearing notes during 2005 and 2006....

Accounting
Q

B. Aishah Abdullah recently won RM2 million from the Bank Simpanan Nasional Sijil Simpanan Premium...

Finance