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Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state Data taken from rents received from the salespersons during the

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Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state Data taken from rents received from the salespersons during the year ended December 31 are as follows: Variable Total Salesperson Sales Variable Cost of Goods Sold Expenses Case $268.400 $109.800 Dix 96,480 Johnson 241,200 305,760 LaFave $510,000 603,000 588,000 586,000 616,000 620,000 592,000 281,280 Orcas 221,760 105,840 123,050 86,240 124,000 88,800 Sussman Willbond Required: 310,000 272,320 1. Prepare 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 Walthman Industries Inc Salespersons Analysis For the Year Ended December 31 Salesperson Contribution Marin Variable Cost of Goods Sold Variable Selling Expens Contributo Mare as a Percent of Sales as a Percent of Sales Johnson Larave Willbond

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