2. 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 Variable Selling Expenses $96,480 123,060 124,000 109,800 105,840 Total Sales Variable Cost of Goods Sold $592,000 620,000 616,000 586,000 588,000 $281,280 221,760 310,000 272,320 305,760 Boon Cat Doom Jarveson Munoz Scrupman Taito 603,000 610,000 241,200 86,240 88,800 286,400

2. 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 Variable Selling Expenses $96,480 123,060 124,000 109,800 105,840 Total Sales Variable Cost of Goods Sold $592,000 620,000 616,000 586,000 588,000 $281,280 221,760 310,000 272,320 305,760 Boon Cat Doom Jarveson Munoz Scrupman Taito 603,000 610,000 241,200 86,240 88,800 286,400

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter21: Variable Costing For Management analysis

Section: Chapter Questions

Problem 4PB: Salespersons report and analysis Pachec Inc. employs seven salespersons to sell and distribute its...

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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 $349,000 $115,170 $69,800 Dix 346,000 138,400 55,360 Johnson 588,000 217,560 76,440 LaFave 533,000 202,540 90,610 Orcas 557,000 245,080 72,410 Sussman 344,000 196,080 72,240 Willbond 408,000 159,120 61,200 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 Salesperson…
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