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 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 % % %

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

Organizing Smart Buildings And CitiesPromoting Innovation And Participation

Authors: Elisabetta Magnaghi, VĂ©ronique Flambard, Daniela Mancini, Julie Jacques, Nicolas Gouvy

10th Edition

3030606066, 9783030606060

More Books

Students also viewed these Accounting questions

Question

What obstacles interfere with eff ective listening?

Answered: 1 week ago