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2052 ACC-102-001 Gordon Parker Lipton : 03/30/20 3:40 PM Homework: Chapter 21 Homework Save Score: 0 of 20 pts 5 of 6 (0 complete) HW
2052 ACC-102-001 Gordon Parker Lipton : 03/30/20 3:40 PM Homework: Chapter 21 Homework Save Score: 0 of 20 pts 5 of 6 (0 complete) HW Score: 0%, 0 of 100 pts P21-29A (similar to) Question Help Clan Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: E: (Click the icon to view the price and cost data.) Clan Furniture has three sales representatives: AI, Bryce, and Crystal. Al sold 90 tables with 6 chairs each. Bryce sold 70 tables with 8 chairs each. Crystal sold 80 tables with 4 chairs each. Read the requirements. Requirement 1. Calculate the total contribution margin and the contribution margin ratio for each sales representative (roup to two decimal nlaces) Before calculating the total contribution margin, begin by identifying and calculating the total number of tables and chairs s a Data Table Sales representative: Tables sold Chairs per table Total chairs sold Bryce Crystal $ Sales Price Variable manufacturing costs Sales commission (5%) Tables Chairs 1,100 $ 715 55 Print Done 0 Requirements 1. Calculate the total contribution margin and the contribution margin ratio for each sales representative (round to two decimal places). 2. Which sales representative has the highest contribution margin ratio? Explain why. Enter any number in the edit fields and then click Check Answer. 2 parts remaining Check
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