Salespersons' Report and AnalysisWaltham 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:SalespersonTotal SalesVariable Costof Goods SoldVariable SellingExpensesCase$$610,000$$$268,400$$$109,800$Dix$603,000241,20096,480$Johnson$588,000305,760105,840$LaFave$586,000281,280123,060$Orcas$616,000221,76086,240$Sussman$620,000310,000124,000$Willbond$592,000272,32088,800$Required:Question Content Area$1.$ 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' AnalysisFor the Year Ended December $31$SalespersonContribution MarginVariable Cost of Goods Soldas a Percent of SalesVariable Selling Expensesas a Percent of SalesContribution MarginRatioCase$CaseCase$\%$Case$\%$Case$\%$DixDixDix$\%$Dix$\%$Dix$\%$JohnsonJohnsonJohnson$\%$Johnson$\%$Johnson$\%$LaFaveLaFaveLaFave$\%$LaFave$\%$LaFave$\%$OrcasOrcasOrcas$\%$Orcas$\%$Orcas$\%$SussmanSussmanSussman$\%$Sussman$\%$Sussman$\%$WillbondWillbondWillbond$\%$Willbond$\%$Willbond$\%$Question Content Area$2.$ Which salesperson generated the highest contribution margin ratio for the year?fill in the blank $1$ of $1$Question Content Area$3.$ Identify the factors other than contribution margin that should be considered in evaluating the performance of salespersons$\mathrm{.}1.$ Rate of growth in sales for the current year compared with past years$2.$ Years of experience for salespersons$3.$ Size of sales territory$4.$ Actual sales compared with budgeted sales$5.$ All of the above