Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fok Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the future follow. Cck the icon to view the price

image text in transcribed
image text in transcribed
Fok Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the future follow. Cck the icon to view the price and cool data) Fok Furniture has three sales representatives Alan, Bryon, and Candy, Alien sold 70 tables with chairs each Bryce sold 60 tables with 6 chairseach Candy sold 80 tables with 4 chaiseach Read the realment X Requirement 1. Calculate the total contributionary and the contribution margin rate for each sales representative round to tredecimal places) Before calculating the total contribution margin, begin by dentifying and calculating the total number of tables and chairs sold by each sales representative for the period Sales teve Tables sold Chairs per table Totalchairs sold All TO Data Tate Bryce 50 Candy SO 20 Calculate the total contribution margin for each sales representative Phi Allen Bryce Candy wa madaling Nelle Vla Chairs Tables 000 Print Done Choose from any or any others and then contre rent Fok Furniture Company mandatures and tables and chairs. Price and cont data for the future follow Click the icon to view the price and cost data) Folk Furniture has the sales representatives Allen, Bryce, and Candy Alen sold 70 tables with charach Besoldate with chaiseach Candy Tables Salice 5 Alien Candy Net als Vale costs Contribution margir Now calculate the contribution margin ratio for each sales representative Round to two decimal places PE Done Alon Bryce had the level of variable costs had the ghost sales revenue for the period had the lowest level of costs sold the most chairs which have the combinar as comparedes sold the most tables which have the higher combinar as compared to this Candy Requirement 2. Which sales representative has the highest contribution margina? Explain why the sales representative with the highest contribution margratis because this representative cestor enterethen and hence to the next ston

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

Proli Footwear Inc An Audit And Fraud Simulation For Team Based Student Learning

Authors: Prof Richard J. Proctor CPA, Prof Patricia M. Poli Phd

2nd Edition

0615455492, 978-0615455495

More Books

Students also viewed these Accounting questions