Question
Family Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: Family Furniture has three sales representatives: Ansley,
Family Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow:
Family Furniture has three sales representatives: Ansley, Brandon, and Candy, Ansley
sold 110 tables with 44 chairs each. Brandon sold 100 tables with 88 chairs each. Candy
sold 60 tables with 66 chairs each.
Calculate the total contribution margin and the contribution margin ratio for each sales representative (round to two decimal places).
Before calculating the total contribution margin, begin by identifying and calculating the total number of tables and chairs sold by each sales representative for the period.
Sales representative: | Tables sold | Chairs per table | Total chairs sold |
Ansley |
|
|
|
Brandon |
|
|
|
Candy |
Data Table - X GA Sales Price Variable manufacturing costs Sales commission (10%) Tables Chairs 700 $ 40 490 16 70 4 Print Done
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