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K Generation Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow (Click the icon to view the
K Generation 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) Generation Furniture has three sales representatives Alfred, Brandon, and Casey Alfred sold 70 tables with four chairs each. Brandon sold 60 tables with eight chairs each. Casey sold 50 tables with six 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 Tables sold Chairs per table Total chairs sold Alfred Brandon Casey Calculate the total contribution margin for each sales representative Sales representative Net sales revenue Alfred Alfred Brandon Casey Brandon Casey Variable costs Contribution margin Now calculate the contribution margin ratio for each sales representative (Round to two decimal places-the nearest hundredth = Contribution margin ratio = % % % Data table Sales Price Variable manufacturing costs Sales commission (9%) Print $ Tables 800 S 448 72 Done Chairs 100 36 9
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