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I need requirements 1-2 please and thank you Parent Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture
I need requirements 1-2 please and thank you
Parent 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.) Parent Furniture has three sales representatives: Archie, Bryce, and Candy. Archie sold 90 tables with 8 chairs each. Bryce sold 100 tables with 4 chairs each. Candy sold 50 tables with 6 chairs each. Read the requirements 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: Chairs per table Total chairs sold -X 8 Data Table 720 Archie Bryce Candy Tables sold 90 100 50 4 400 6 300 Tables Chairs Calculate the total contribution margin for each sales representative $ 1,200 $ 100 Sales representative: Archie Bryce Candy Sales Price Variable manufacturing costs Sales commission (8%) 924 32 Net sales revenue 96 8 Variable costs Contribution margin Print Done Enter any number in the edit fields and then click Check Answer - i 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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