Sibling Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: E(Click the icon view the price and cost data.) Sibling Furniture has three sales representatives: Allen, Buck, and Cory. Allen sold 50 tables with 6 chairs each. Buck sold 70 tables with 8 chairs each. Cory sold 110 tables with 4 chairs each. Read the requirements two decimal places). Requirement 1. Calculate the total contribution margin and the contribution margin ratio for each sales representative (round 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. Total chairs sold Sales representative: Tables sold Chairs per table iData Table 50 61 300 Allen 8 70 560 Buck 440 110 4 Cory Chairs Tables Calculate the total contribution margin for each sales representative. Sales Price 500$ 60 Sales representative: Variable manufacturing costs 300 21 Allen Buck Cory Sales commission (10% ) 58.000 68.600 81,400 50 6 Net sales revenue Variable costs Contribution margin Print Done Now calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundredth pereert Contribution margin Net sales revenue Contribution margin ratio - alculate the total contribution margin for each sales representative. Tables Chairs Sales representative: Cory Allen Buck S 500 S Sales Price 60 68,600 et sales revenue 58.000 81,400 Variable manufacturing costs 300 21 ariable costs Sales commission (10 % ) 50 6 ontribution margin two decimal places-the nearest hundredth percent-XXX %.) ow calculate the contribution margin ratio for each sales representative. (Round Print Done Contribution margin Net sales revenue Contribution margin ratio / len % = uck % % ory equirement 2. Which sales representative has the highest contribution margin ratio? Explain why. is the sales representative with the highest contribution margin ratio because this representative