Calculate the total contribution margin and the contribution margin ratio for each sales representative (round to two decimals places) i Data TableTablesChairsSales Price1,300S70Variable manufacturing costs9107Sales commission (10%)1307.PrintDone%24 Generation 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.)Generation Furniture has three sales representatives: Archie, Buck, and Cory. Archie sold 90 tables with 8 chairs each. Buck sold 100 tables with 6 chairs each. Cory sold 110 tables with 4 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 soldChairs per tableTotal chairs soldArchieBuckCory

Workings: Calculation of Net sales revenue Archie Buck Crystal (i) Table sold 90 100…

Answered: Calculate the total contribution margin…

Calculate the total contribution margin and the contribution margin ratio for each sales representative (round to two decimals places)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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