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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: Ansley, Bryce, and Cory. Ansley sold 60 tables with six chairs each. Bryce sold 50 tables with eight chairs each. Cory sold 70 tables with four chairs each Read the requirements Data table Sales Price Variable manufacturing costs Sales commission (10%) Tables $ 600 $ 480 60 Print Done Chairs 80 - X 28 12 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
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