Relative Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture
Question:
Relative Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow:
Relative Furniture has three sales representatives: Abe, Brett, and Corrin. Abe sold 50 tables with 4 chairs each. Brett sold 110 tables with 6 chairs each. Corrin sold 90 tables with 8 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 representative has the highest contribution margin ratio? Explain why.
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Requirement 1 Requirement 2 Corrin has the greatest contribution margin ratio because of his product ...View the full answer
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