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 $514,000 $246,720 $92,520 Dix 380,000 148,200 68,400 455,000 209,300 86,450 Johnson 297,360 106,200 LaFave 531,000 630,000 226,800 88,200 Orcas 219,520 89,600 Sussman 448,000 198,800 63,900 Willbond 355,000 Required:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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
$514,000
$246,720
$92,520
Dix
380,000
148,200
68,400
Johnson
455,000
209,300
86,450
LaFave
531,000
297,360
106,200
226,800
88,200
Orcas
630,000
219,520
89,600
Sussman
448,000
355,000
198,800
006
Willbond
Required:
Transcribed Image Text: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 $514,000 $246,720 $92,520 Dix 380,000 148,200 68,400 Johnson 455,000 209,300 86,450 LaFave 531,000 297,360 106,200 226,800 88,200 Orcas 630,000 219,520 89,600 Sussman 448,000 355,000 198,800 006 Willbond 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
Ratio
Sold as a Percent of Sales
as a Percent of Sales
%
Case
Dix
Johnson
LaFave
Orcas
Sussman
Willbond
Transcribed Image Text: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 Ratio Sold as a Percent of Sales as a Percent of Sales % Case Dix Johnson LaFave Orcas Sussman Willbond
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