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 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 12E: Galaxy Sports Inc. manufactures and sells two styles of All Terrain Vehicles (ATVs), the...
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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
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Transcribed Image Text:(Click the icon to view the price
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Read the requirements.
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