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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
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 $602,000 $210,700 Dix 462,000 254,100 Johnson 364,000 196,560 LaFave 558,000 312,480 Variable Selling Expenses $126,420 64,680 65,520 Orcas 344,000 178,880 111,600 75,680 132,660 80,000 Sussman 253,260 603,000 500,000 Willbond 180,000 Required: Ratio 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 Contribution Margin Salesperson Variable Selling Expenses Contribution Margin Sold as a Percent of Sales as a Percent of Sales Case % % % Dix % % % Johnson % % % LaFave % % % % % Orcas % Sussman % % % Willbond % % %
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