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Sibling Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: EEB (Click the icon to view the
Sibling Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: EEB (Click the icon to view the price and cost data.) Sibling Furniture has three sales representatives: Albert, Bill, and Candy. Albert sold 50 tables with 4 chairs each. Bill sold 110 tables with 6 chairs each. Candy sold 90 tables with 8 chairs each Read the requirements. Requirement 1. Calculate the total contribution margin and the contribution margin ratio for each sales representative (round to two decimal places) Before calculating the total contribution margin, begin by identifying and calculating the total number of tables and chairs sold by each sales representative for the period. Sales representative Albert Bill Candy Tables sold Chairs per table Total chairs sold 50 110 90 200 660 720 Calculate the total contribution margin for each sales representative Candy Sales representative Net sales revenue Variable costs Contribution margin Albert Bill
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