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Clan Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: Click the icon to view the price
Clan Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow:
Click the icon to view the price and cost data.
Clan Furniture has three sales representatives: Alfred, Bob, and Cait. Alfred sold tables with chairs each. Bob sold tables with chairs each. Cait sold tables with chairs each.
Read the requirements.
tableSales representative:,Alfred,obaitNet sales revenue,$$$Variable costs,,Contribution margin,$ $
Now calculate the contribution margin ratio for each sales representative. Round to two decimal placesthe nearest hundredth percentXXX
tableAlfredContribution margin,Net sales revenue,Contribution margin ratio$$
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