Sibling 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.) Sibling Furniture has three sales representatives: Ansley, Bryce, and Camara. Ansley sold 110 tables with 4 chairs each. Bryce sold 70 tables with 6 chairs each. Camara sold 100 tables with 8 chairs E Read the requirements. Data table 4 Calculate the total contribution margin for each sales representative. Sales representative: Ansley Bryce Camara Net sales revenue Tables Chairs Variable costs Contribution margin Sales Price Variable manufacturing costs Sales commission (10%) Now calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundred Contribution margin ratio Print $ Done 1,300 $ 780 130 90 18 9
Sibling 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.) Sibling Furniture has three sales representatives: Ansley, Bryce, and Camara. Ansley sold 110 tables with 4 chairs each. Bryce sold 70 tables with 6 chairs each. Camara sold 100 tables with 8 chairs E Read the requirements. Data table 4 Calculate the total contribution margin for each sales representative. Sales representative: Ansley Bryce Camara Net sales revenue Tables Chairs Variable costs Contribution margin Sales Price Variable manufacturing costs Sales commission (10%) Now calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundred Contribution margin ratio Print $ Done 1,300 $ 780 130 90 18 9
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
 alt="Sibling 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.)
Sibling Furniture has three sales representatives: Ansley, Bryce, and Camara. Ansley sold 110 tables with 4 chairs each. Bryce sold 70 tables with 6 chairs each. Camara sold 100 tables with 8 chairs each
Read the requirements.
Data table
Calculate the total contribution margin for each sales representative.
Sales representative:
Ansley
Bryce
Camara
Net sales revenue
Tables
Variable costs
Chairs
1,300 $
780
130
90
18
Contribution margin
9
Now calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundred
Contribution margin ratio
8:49 PM
S
5/20/2022
?
*
IDI
16
7
L
A
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W
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W
3
JL
E
$
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4
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75
%
5
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40
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7
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8
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Sales Price
Variable manufacturing costs
Sales commission (10%)
Print
11
)
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TW
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$
Done
ENG
[
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1
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Transcribed Image Text:Sibling 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.)
Sibling Furniture has three sales representatives: Ansley, Bryce, and Camara. Ansley sold 110 tables with 4 chairs each. Bryce sold 70 tables with 6 chairs each. Camara sold 100 tables with 8 chairs each
Read the requirements.
Data table
Calculate the total contribution margin for each sales representative.
Sales representative:
Ansley
Bryce
Camara
Net sales revenue
Tables
Variable costs
Chairs
1,300 $
780
130
90
18
Contribution margin
9
Now calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundred
Contribution margin ratio
8:49 PM
S
5/20/2022
?
*
IDI
16
7
L
A
@
2
W
S
W
3
JL
E
$
V
4
R
F
75
%
5
T
G
40
6
Y
C-
&
I
7
hp
U
8
J
to
144
9
K
Sales Price
Variable manufacturing costs
Sales commission (10%)
Print
11
)
()
TW
A4
P
$
Done
ENG
[
4 D
1
backspace
 alt="(Click the icon to view the price
Sibling Furniture has three sales representatives: Ansley, Bryce, and Camara. Ansley sold 110 tables with 4 chairs each. Bryce sold 70 tables with 6 chairs each. Camara sold 100 tables with 8 chairs eam
Read the requirements.
ECCED
Now calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundredth percent-X.XX%.)
+
E
Contribution margin ratio
Ansley
%
Bryce
%
Camara
+
%
Requirement 2. Which sales representative has the highest contribution margin ratio? Explain why.
to
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Tables
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780
130
10
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Transcribed Image Text:(Click the icon to view the price
Sibling Furniture has three sales representatives: Ansley, Bryce, and Camara. Ansley sold 110 tables with 4 chairs each. Bryce sold 70 tables with 6 chairs each. Camara sold 100 tables with 8 chairs eam
Read the requirements.
ECCED
Now calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundredth percent-X.XX%.)
+
E
Contribution margin ratio
Ansley
%
Bryce
%
Camara
+
%
Requirement 2. Which sales representative has the highest contribution margin ratio? Explain why.
to
is the sales representative with the highest contribution margin ratio because this representative
Tables
Chairs
1,300 S
780
130
10
8:50 PM
5/20/2022
hp
prt sc
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esc
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Sales Price
Variable manufacturing costs
Sales commission (40%)
ENG
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