Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Salespersons' Report and Analysis Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from

image text in transcribed

Salespersons' Report and Analysis Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended December 31 are as follows: Salesperson Total Sales Variable Cost of Goods Sold Case $623,000 $286,580 Variable Selling Expenses $87,220 96,480 Dix 536,000 230,480 Johnson 602,000 294,980 114,380 60,160 La Fave 376,000 135,360 169,750 Orcas 485,000 87,300 Sussman 626,000 356,820 118,940 Willbond 493,000 231,710 88,740 Required: 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio by salesperson. Round percents to the nearest whole number. Enter all amounts as positive numbers. . Waltham Industries Inc. Salespersons' Analysis For the Year Ended December 31 Variable Cost of Goods Salesperson Contribution Margin Sold as a Percent of Sales Variable Selling Expenses Contribution Margin as a Percent of Sales Ratio Case $ yo % Dix % % % Johnson % % % La Fave % % Orcas yo Sussman % % % Willbond % 9% %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The AICPA Audit Committee Toolkit Private Companies

Authors: AICPA

2nd Edition

1940235464, 978-1940235462

More Books

Students also viewed these Accounting questions