Question

Folk Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow:


Folk Furniture has three sales representatives: Peter, Paul, and Mary. Peter sold 100 tables with 4 chairs each. Paul sold 70 tables with 8 chairs each. Mary sold 80 tables with 6 chairs each.

Requirements
1. Calculate the total contribution margin and the contribution margin ratio for each sales representative (round to two decimal places).
2. Which sales rep has the highest contribution margin ratio? Explainwhy.


$1.99
Sales1
Views89
Comments0
  • CreatedJanuary 16, 2015
  • Files Included
Post your question
5000