Answered step by step
Verified Expert Solution
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
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 $498,000 $204,180 $74,700 Dix 602,000 198,660 120,400 Johnson 567.000 266,490 102,060 La Fave 526,000 189,360 105,200 Orcas 374,000 145,860 78,540 Sussman 325,000 130,000 55,250 Willbond 536,000 187,600 107,200 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 Variable Cost of Goods Variable Selling Expenses Contribution Margin Salesperson Contribution Margin Sold as a Percent of Sales as a Percent of Sales Ratio Case Dix
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669e176f18643_718669e176eaedd2.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669e176fa0231_719669e176f3e1a8.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started