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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 Variable Selling Expenses Case $449,000 $206,540 $62,860 Dix 339,000 142,380 47,460 Johnson 519,000 280,260 83,040 LaFave 611,000 287,170 91,650 Orcas 287,500 100,000 625,000 333,000 Sussman 116,550 56,610 Willbond 530,000 180,200 74,200 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 Contribution Margin Sold as a Percent of Sales Variable Cost of Goods Salesperson Contribution Margin Variable Selling Expenses Contribution Margin as a Percent of Sales Ratio Case % % % Dix % % % Johnson % % % LaFave % % % Orcas % % % Sussman % % % Willbond % % %
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