Requirements 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. Print Done I X d. Family Furniture Company manufactures and sells oak tables and chairs Price and cout data for the futurs TE (Click the icon to view the price and cost dela) Family Future has three sales representatives Ansley. Bryce and Cait Anley sold 100 tables with six chairs each Bryce sold 60 tables with eight chairs each Calf sold 110 besch Read the ima decinal places) Requirement 1. Calculate the total contribution margin and the contribution margin ato for each sales representative (round to Before calculating the total contribution margin begin by identifying and calculating the total number of tables and chairs sold i Sales representative wach sales representative for the period Tables sold Chairs per table Total chairs sold Ansley 100 600 Bryce 10 $40 Call 110 4 440 Calculate the total contribution margin for each sales representa Saus representative Ansley Bryce Net sales reven Variable costs Contribution margin Call ou nd ot Data table Sales Price Variable manufacturing costs Sales commission (5%) Print $ Tables 1,500 $ 1,125 75 Done Chairs 40 8 2 - X the Family Fumiture Company manufactures and sells oak tables and chairs Price and cost data for the hanburo follow (Click the icon to view the price and cost data) Family Funiture has three sales representatives Ansley, Bryce, and Calt. Ansley sold 100 tables with six chairs each. Bryce sold 50 tables with eight chairs each Cat soat 110 able with four chach Read the requemant -GD- Requirement 1. Calculate the total contribution margin and the contribution margin ratio for each sales representative (round to be 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 Ansley 6 600 00 8 640 Bryce 440 Cae 110 4 Calculate the total contribution margin for each sales representative Sales representative Ansley Bryce Net sales revenue Variable costs Contribution margin 100 Calt ibu and Tot Data table Sales Price Variable manufacturing costs Sales commission (5%) Print $ Tables 1,500 $ 1,125 75 Done Chairs 40 8 2 I X the peri d the denti tab esen ce Requirements 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. Print Done - X d