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esperson Total Sales Variable Cost of Goods Sold Varlable Selling Expe $352,000 $204,160 $56,320 440,000 224,400 66,000 son 575,000 310,500 103,500 ve 506,000 242,880 65,780 FE 000

esperson Total Sales Variable Cost of Goods Sold Varlable Selling Expe $352,000 $204,160 $56,320 440,000 224,400 66,000 son 575,000 310,500 103,500 ve 506,000 242,880 65,780 FE 000

FINANCIAL ACCOUNTING
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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elcome, Quente... Library Genesis Macmillan Launch... (7) YouTube My Conversations... brc Apparel, Gifts & T.. ELogin My Home Salesperson Total Sales Varlable Cost of Goods Sold Varlable Selling Expenses Case $352,000 $204,160 $56,320 Dix 440,000 224,400 66,000 Johnson 575,000 310,500 103,500 LaFave 506,000 242,880 65,780 Orcas 552,000 270,480 77,280 Sussman 597,000 208,950 89,550 Willbond 459,000 266,220 64,260 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 Sold as a Percent of Sales Variable Selling Expenses Contribution Margin Salesperson Contribution Margin as a Percent of Sales Ratio Case % % Dix Johnson LaFave Orcas % Sussman Willbond 1% % Previous Next All work saved. Email Instructor Submit Test for Grading
Transcribed Image Text:elcome, Quente... Library Genesis Macmillan Launch... (7) YouTube My Conversations... brc Apparel, Gifts & T.. ELogin My Home Salesperson Total Sales Varlable Cost of Goods Sold Varlable Selling Expenses Case $352,000 $204,160 $56,320 Dix 440,000 224,400 66,000 Johnson 575,000 310,500 103,500 LaFave 506,000 242,880 65,780 Orcas 552,000 270,480 77,280 Sussman 597,000 208,950 89,550 Willbond 459,000 266,220 64,260 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 Sold as a Percent of Sales Variable Selling Expenses Contribution Margin Salesperson Contribution Margin as a Percent of Sales Ratio Case % % Dix Johnson LaFave Orcas % Sussman Willbond 1% % Previous Next All work saved. Email Instructor Submit Test for Grading
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