Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Instructions Reyes Industries Inc. manufactures and sells a variety of commercial vehicles in the Northeast and Southwest regions. There are two salespersons assigned to each

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Instructions Reyes Industries Inc. manufactures and sells a variety of commercial vehicles in the Northeast and Southwest regions. There are two salespersons assigned to each territory. Higher commission rates go to the most experienced salespersons. The following sales statistics are available for each salesperson: Northeast Southwest Cassy G Todd Tim eff Average per unit: Sales price Variable cost of goods sold Commission rate Units sold Manufacturing margin ratio $92,000 $83,000 $108,000 $82,000 32,800 16% 36 60% 55,200 12% 34 40% 33,200 16% 28 60% 64,800 16% 26 40% Required: A. Prepare a contribution margin by salesperson report. Calculate the contribution margin ratio for each salesperson.* B. Prepare a contribution margin by territory report. Calculate the contribution margin for each territory as a percent, rounded to one decimal place. * * Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries

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

How To Audit The Process Based QMS

Authors: Arter, Dennis R., Cianfrani, Charles A, And West, John E., 'Jack'

2nd Edition

0873898443, 978-0873898447

More Books

Students also viewed these Accounting questions

Question

please find the market value ratios for cp rail for the year 2021

Answered: 1 week ago