Dix 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 $550,000 $203,500 $104,500 510,000 173,400 102,000 Johnson 360,000 165,600 50,400 Lafave 484,000 198,440 67,760 Orcas 499,000 189,620 79,840 Sussman 392,000 156,800 66,640 Willbond 419,000 234,640 67,040 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 Salesperson Contribution Margin Sold as a Percent of Sales as a Percent of Sales Ratio Case Dix Johnson LaFave Orcas Previous Next Willbond 419,000 234,640 67,040 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 Salesperson Contribution Margin Sold as a Percent of Sales as a Percent of Sales Ratio Case Dex % Johnson La Fave Orcas Sussman Willbond 2. Which salesperson generated the highest contribution margin ratio for the year? 3. Identify the factors other than contribution margin that should be considered in evaluating the performance of salespersons 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