P21-29A (similar to) 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: Albert, Ben, and Colleen. Albert sold 70 tables with 8 chairs each. Ben sold 50 tables with 6 chairs each. Colleen sold 90 tables with 4 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: Tables sold Chairs per table Total chairs sold Albert Ben Colleen Data Table - X Requirements - X Tables Chairs $ 100 Sales Price Variable manufacturing costs Sales commission (6%) 1,200 $ 768 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. 72 Print Done Print Done