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Sibling Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: (Click the icon to view the price

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Sibling Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: (Click the icon to view the price and cost data.) Sibling Furniture has three sales representatives: Alfred, Brad, and Colleen. Alfred sold 50 tables with 6 chairs each. Brad sold 70 tables with 8 chairs each. Colleen sold 90 tables with 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: Tables sold Chairs per table Total chairs sold Alfred Data Table Brad Colleen Chairs Tables 1,500 $ Sales Price $ 100 1,215 26 Variable manufacturing costs Sales commission (9%) 135 9 Requirements 1. Calculate the total contribution margin and the contribution margin ratio for each sales representative (round to two decimal places). 2. Which sales representative has the highest contribution margin ratio? Explain why. Enter any number in the edit fields and then click Check Answer. Help Me Solve This DemoDocs Example Get More Help Clear All Che Print Done

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