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please help, thank you so much! Guardian Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: (Click
please help, thank you so much!
Guardian 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.) Guardian Furniture has three sales representatives: Alfred, Brody, and Cory. Alfred sold 50 tables with 6 chairs each. Brody sold 90 tables with 8 chairs each. Cory sold 110 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 50 Alfred - X 6 300 Data table Brody 90 8 720 Cory 110 4 440 Tables Chairs Calculate the total contribution margin for each sales representative. Sales Price $ 1,100 $ 40 Sales representative: Alfred Brody Cory Variable manufacturing costs 660 14 Net sales revenue Sales commission (10%) 110 Variable costs Contribution margin Requirements 4 Print 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 Help me solve this Demodocs example Get more help. verStep by Step Solution
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