Product Profitability Analysis Galaxy Sports Inc. manufactures and...Product Profitability AnalysisGalaxy 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:Conquistador HurricaneSales price $6,800 $4,000 Variable cost of goods sold (4,280) (2,680) Manufacturing margin $2,520 $1,320 Variable selling expenses (1,092) (600) Contribution margin $1,428 $720 Fixed expenses (670) (290) Operating income $758 $430 In addition, the following sales unit volume information for the period is as follows:Conquistador HurricaneSales unit volume 2,600 1,900 a. Prepare a contribution margin by product report. Compute the contribution margin ratio for each product as a whole percent.Conquistador HurricaneContribution marginCost of goods soldDirect laborGross profitSalesSales $Sales $SalesFixed cost of goods soldFixed selling expensesManufacturing marginSalesVariable cost of goods soldVariable cost of goods sold Variable cost of goods soldVariable cost of goods soldContribution marginCost of goods soldFixed manufacturing costsGross profitManufacturing marginManufacturing margin $Manufacturing margin $Manufacturing marginFixed cost of goods soldFixed selling expensesManufacturing marginSalesVariable selling expensesVariable selling expenses Variable selling expensesVariable selling expensesContribution marginCost of goods manufacturedFixed manufacturing costsFixed salesManufacturing marginContribution margin $Contribution margin $Contribution marginContribution margin ratioFixed manufacturing costsFixed salesManufacturing marginVariable cost of goods soldContribution margin ratio Contribution margin ratio% Contribution margin ratio%