Parent Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: E (Click the icon to view the price and cost data.) Parent Furniture has three sales representatives: Ashton, Bill, and Crissy. Ashton sold 110 tables with 6 chairs each. Bill sold 100 tables with 8 chairs each. Crissy sold 60 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 Ashton Bill Crissy Calculate the total contribution margin for each sales representative. Sales representative: Ashton Bill Crissy Net sales revenue Variable costs Contribution margin Now calculate the contribution margin ratio for each sales representative. (Round to two decimal placesthe nearest hundredth percentX.XX%.) Now calculate the contribution margin ratio for each sales representative. (Round to two decimal placesthe nearest hundredth percentX.XX%.) = Contribution margin ratio Ashton % Bill Crissy % Requirement 2. Which sales representative has the highest contribution margin ratio? Explain why. is the sales representative with the highest contribution margin ratio because this representative Tables Chairs Sales Price 1,500 $ 100 Variable manufacturing costs 975 20 Sales commission (10%) 150 10