Train Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Mountain Monster and Desert Dragon
owerTrain Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the Mountain Monster and Desert Dragon, from a single manufacturing facility. The manufacturing facility operates at 100% of capacity. The following per-unit information is available for the two products:
1
Mountain Monster
Desert Dragon
2
Sales price
$5,400.00
$5,300.00
3
Variable cost of goods sold
3,255.00
3,400.00
4
Manufacturing margin
$2,145.00
$1,900.00
5
Variable selling expenses
1,065.00
946.00
6
Contribution margin
$1,080.00
$954.00
7
Fixed expenses
485.00
305.00
8
Income from operations
$595.00
$649.00
In addition, the following sales unit volume information for the period is as follows:
Mountain Monster
Desert Dragon
Sales unit volume5,3005,150
Required:
a. I need a contribution margin by product report. Calculate the contribution margin ratio for each. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
The Amount Descriptions List:
Contribution margin
Contribution margin ratio
Cost of goods sold
Fixed expenses
Gross profit
Manufacturing margin
Revenues
Variable cost of goods sold
Variable selling expenses
(I need to put together kind of like a journal, it has 7 lines but I don’t input anything on the first line so 6 lines).
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