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 eachRead the requirements.Data tableCalculate the total contribution margin for each sales representative.Sales representative:AnsleyBryceCamaraNet sales revenueTablesVariable costsChairs1,300 $7801309018Contribution margin9Now calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundredContribution margin ratio8:49 PMS5/20/2022?*IDI167LA@2WSW3JLE$V4RF75%5TG406YC-&I7hpU8Jto1449KSales PriceVariable manufacturing costsSales commission (10%)Print11)()TWA4P$DoneENG[4 D1backspace (Click the icon to view the priceSibling 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 eamRead the requirements.ECCEDNow calculate the contribution margin ratio for each sales representative. (Round to two decimal places-the nearest hundredth percent-X.XX%.)+EContribution margin ratioAnsley%Bryce%Camara+%Requirement 2. Which sales representative has the highest contribution margin ratio? Explain why.tois the sales representative with the highest contribution margin ratio because this representativeTablesChairs1,300 S780130108:50 PM5/20/2022hpprt sc¹4101*esc!@#++$1234QWER%5T6Y4-&7C+008To-9f104 11)Data tableOSales PriceVariable manufacturing costsSales commission (40%)ENGP{=[$4[

The contribution margin can be defined as the difference between casts that are variable and the…

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

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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