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Generation Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow EEB (Click the icon to view the
Generation Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow EEB (Click the icon to view the price and cost data) Generation Furniture has three sales representatives: Allen, Bryce, and Cory. Allen sold 110 tables with 4 chairs each. Bryce sold 80 tables with 8 chairs each. Cory sold 70 tables with 6 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 Allen Bryce Cory Tables sold Chairs per table Total chairs sold Data Table Tables Chairs $ 500 885 90 100 Sales Price Variable manufacturing costs Sales commission (6%) Requirements 6 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 Print Done why PrintDone
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