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Family Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: Click the icon to view the price
Family 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) Family Furniture has three sales representatives: Alfred, Bob, and Cait. Alfred sold 100 tables with 4 chairs each. Bob sold 70 tables with 6 chairs each. Cait sold 60 tables with 8 chairs each Read the requirements Requirement 1. 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 Alfred Bob Cait 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 Print Done - Data table Tables Chairs $ 800 $ 100 Sales Price Variable manufacturing costs Sales commission (9%) 608 72 26 9 Print Done
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