Waltham 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 Case Dix Johnson La Fave Orcas Sussman Willbond Required: Total Sales $571,000 372,000 410,000 482,000 403,000 448,000 623,000 Case Dix Variable Cost of Goods Sold Salesperson Contribution Margin $216,980 178,560 180,400 197,620 217,620 201,600 199,360 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. Variable Selling Expenses $108,490 59,520 53,300 106,040 84,630 94,080 124,600 Salespersons' Analysis For the Year Ended December 31 % Variable Cost of Goods Sold as a Percent of Sales % Variable Selling Expenses Contribution Margin as a Percent of Sales % % Ratio % %
Waltham 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 Case Dix Johnson La Fave Orcas Sussman Willbond Required: Total Sales $571,000 372,000 410,000 482,000 403,000 448,000 623,000 Case Dix Variable Cost of Goods Sold Salesperson Contribution Margin $216,980 178,560 180,400 197,620 217,620 201,600 199,360 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. Variable Selling Expenses $108,490 59,520 53,300 106,040 84,630 94,080 124,600 Salespersons' Analysis For the Year Ended December 31 % Variable Cost of Goods Sold as a Percent of Sales % Variable Selling Expenses Contribution Margin as a Percent of Sales % % Ratio % %
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter7: Variable Costing For Management
analysis
Section: Chapter Questions
Problem 4PB
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![Waltham 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
Case
Dix
Johnson
LaFave
Orcas
Sussman
Willbond
Required:
Total Sales
Case
$571,000
372,000
410,000
482,000
403,000
448,000
623,000
Dix
Variable Cost
of Goods Sold
Salesperson Contribution Margin
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.
$216,980
178,560
180,400
197,620
217,620
201,600
199,360
Variable Selling
Expenses
$108,490
59,520
53,300
106,040
84,630
94,080
124,600
Salespersons' Analysis
For the Year Ended December 31
Variable Cost of Goods
Sold as a Percent of Sales
%
%
Variable Selling Expenses Contribution Margin
as a Percent of Sales
%
%
Ratio
%
%
HE
BE](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb37f5f3f-60f0-49bc-a26d-ab9a7e83ee02%2F45265ba6-85b4-4688-baac-e2a77bcd68ba%2Fy53oox8k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Waltham 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
Case
Dix
Johnson
LaFave
Orcas
Sussman
Willbond
Required:
Total Sales
Case
$571,000
372,000
410,000
482,000
403,000
448,000
623,000
Dix
Variable Cost
of Goods Sold
Salesperson Contribution Margin
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.
$216,980
178,560
180,400
197,620
217,620
201,600
199,360
Variable Selling
Expenses
$108,490
59,520
53,300
106,040
84,630
94,080
124,600
Salespersons' Analysis
For the Year Ended December 31
Variable Cost of Goods
Sold as a Percent of Sales
%
%
Variable Selling Expenses Contribution Margin
as a Percent of Sales
%
%
Ratio
%
%
HE
BE
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