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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 $385,000 $219,450 $69,300 Dix 378,000 166,320 52,920 Johnson 508,000 218,440 86,360 LaFave 475,000 232,750 66,500 Orcas 381,000 121,920 80,010 Sussman 628,000 257,480 131,880 Willbond 340,000 170,000 44,200 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 % % 90 Johnson % LaFave % Orcas % % Sussman % Willbond % % % % % % % % % %
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