Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Father Future Company manufactures and sells ook tables and chairs Price and cost data for the furniture follow micron to view the price and cost

image text in transcribed
image text in transcribed
image text in transcribed
Father Future Company manufactures and sells ook tables and chairs Price and cost data for the furniture follow micron to view the price and cost data Father Furniture has the sales representatives Archio Bryce and Casey Archle sold 80 tables with 6 chaiseach Bryce sold 76 tables with chairseach Carey sold 60 tables with #chairs each Read the diments Requirement 1. Calculate the total contribution margin and the contribution margin ratio for each sales representative round to ho decimal places Belong 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 Sorrente Tables sold Chairs per table Total chairs sold AN 30 400 Bryce - X 70 550 Data Table 60 4 240 Calculate the total contribution margin for each sales representative Sales representa Archie Bryce Newslev Chales 100 Casey $ Tables 500 5 355 Sales Price Variable manufacturing costs Sales commission It 45 9 G Contonan Print Dane KE Father 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) Father Furniture has three sales representatives: Archie, Bryce, and Casey Archie sold 80 tables with 6 chairs each. Bryce sold 70 Read the requirements Requirement 1. Calculate the total contribution margin and the contribution margin ratio for each sales representative (round to two Before calculating the total contribution margin, begin by identifying and calculating the total number of tables and chairs sold by eac Sales representative Tables sold Chairs per table Total chairs sold Archie 80 6 480 Data Table Bryce 70 8 560 Casey 60 4 240 Calculate the total contribution margin for each sales representative Sales representative Archie Bryce Casey Het sales revenue Sales Price Variable manufacturing costs Sales commission (996) Variable costs Contribution margin Print Dor sey Archie sold 80 tables with 6 chairs each Bryce sold 70 tables with 8 chairs each Casey sold 60 tables with 4 chairs each cion margin ratio for each sales representative (round to two decimal places) calculating the total number of tables and chairs sold by each sales representative for the period al chairs sold 480 Data Table 560 240 Tables Chairs $ 500 $ 100 Sales Price Variable manufacturing costs Sales commission (9%) 355 11 45 9 Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What type of a franchise is Wahoos Fish Taco? What makes this true?

Answered: 1 week ago

Question

Describe the features you do not like and explain why.

Answered: 1 week ago