please i am on a clock doing a test. Quiz: CH 6 QUIZ Time This Question: 60 pts

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please i am on a clock doing a test.

Quiz: CH 6 QUIZ Time This Question: 60 pts 1 o1 2 (0 complete) This Clan Furniture Company manufactures and sells oak tables and chairs, Price and cost data for the furniture follow EE (Click the icon to view the price and cost data.) Clan Furniture has three sales representatives: Archie, Bill and Casey. Archie sold 80 tables with 8 chairs each. Billsold 100 tables with 6 chairs each. Casey sold 60 tables with 4 chairs each. Read the requirements Requirement 1. Calculate Data Table Requirsments Tables Chairs 1. Calculate the total contribution margin and the contribution margin ratio for each sales representative (round to two decimal places). 600 S100 Sales Price Variable manufacturing costs Sales commission (6%) 2. Which sales representative has the highest contribution margin ratio? Explain Bill 414 29 why 36 Print Done PintDone the margin ratio for each sales representative. (Round to two decimal places--the nearest hundredth percent-XXX%.) noose trom any lst or enter any number in the input fields and then continue to the next questiorn

Explanation / Answer

1) Calculation of Contribution Margin and Contribution Margin Ratio Particulars Working Tables Chairs Sales Price A $ 600.00 $ 100.00 Less :Variable cost Per Unit Variable Manufacturing Cost Per Unit B $ 414.00 $    29.00 Variable Selling Cost Per Unit C $    36.00 $       6.00 Contribution Margin Per Unit D=A-B-C $ 150.00 $    65.00 Contribution Margin Ratio E=D/A 25% 65% 2) Chairs has the highest Contribution Margin Ratio of 65%. Reason: Chairs has high Contribution Margin Ratio Because its Variable cost are lower in comparison to Tables. Chairs Total Variable cost is 35% of sales which means contribution is 65%. While on the other hand Tables 's total Variable cost is 75% of its Price hence Comtribution Margin Ratio is 25% only.

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