02 Jan Coast to Coast Surfboards Inc. manufactures and s
Coast to Coast Surfboards Inc. manufactures and sells two styles of surfboards, Atlantic Wave and Pacific Pounder. These surfboards are sold in two regions, East Coast and West Coast. Information about the two surfboards is as follows:1Atlantic WavePacific Pounder2Sales price$200.00$120.003Variable cost of goods sold per unit150.0090.004Manufacturing margin per unit$50.00$30.005Variable selling expense per unit34.0016.006Contribution margin per unit$16.00$14.00The sales unit volume for the sales territories and products for the period is as follows:East CoastWest CoastAtlantic Wave40,00025,000Pacific Pounder025,000Prepare a contribution margin by sales territory report. Calculate the contribution margin ratio for each territory as a percent, rounded to one decimal place. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries
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