Question

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


Popular Furniture has three sales representatives: Tom, Dick, and Harry. Tom sold 100 tables with 4 chairs each. Dick sold 70 tables with 8 chairs each. Harry 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.


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  • CreatedJanuary 16, 2015
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