Question

Parent Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow:
Parent Furniture has three sales representatives: Archie, Brett, and Cory. Archie sold 50 tables with 6 chairs each. Brett sold 60 tables with 8 chairs each. Cory sold 100 tables with 4 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? Explain why.


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  • CreatedJune 15, 2015
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