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 $472,000 $259,600 $84,960 Dix 407,000 191,290 52,910 Johnson 385,000 157,850 50,050 LaFave 501,000 70,140 225,450 208,950 Orcas 597,000 95,520 Sussman 411,000 205,500 65,760 Willbond 630,000 340,200 100,800 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 Sold as a Percent of Sales as a Percent of Sales Ratio Salesperson Contribution Margin Salesperson Contribution Margin Variable Cost of Goods Sold as a Percent of Sales % Variable Selling Expenses Contribution Margin as a Percent of Sales % 32 X % Ratio 231,800 X Case Dix % % % % % % % % % Johnson LaFave Orcas Sussman % % % % % % Willbond % % %
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started