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Ancestry Furniture Company manufactures and sells oak tables and chairs. Price and cost data for the furniture follow: (Click the icon to view the price and cost data.) Ancestry Furniture has three sales representatives: Albert, Buck, and Candy. Albert sold 60 tables with 6 chairs each. Buck sold 100 tables with 8 chairs each. Candy sold 110 tables with 4 chairs each. Read the requirements. 1 Data Table Tables Chairs $ 100 Sales Price Variable manufacturing costs Sales commission (6%) 900 $ 621 54 Print Done 0 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. Print Print [Done] Done Requirement 1. Calculate the total contribution margin and the contribution margin ratio for each sales representative (round to two decimal places). Before calculating the total contribution margin, begin by identifying and calculating the total number of tables and chairs sold by each sales representative for the period. Sales representative: Tables sold Chairs per table Total chairs sold Albert Buck Candy Calculate the total contribution margin for each sales representative. Sales representative: Albert Buck Candy Net sales revenue Variable costs Contribution margin Now calculate the contribution margin ratio for each sales representative. (Round to two decimal placesthe nearest hundredth percent-X.XX%.) = Contribution margin ratio Albert Buck Candy Requirement 2. Which sales representative has the highest contribution margin ratio? Explain why. V is the sales representative with the highest contribution margin ratio because this representative Now calculate the contribution margin ratio for each sales representative. (Round to two decimal placesthe = Contribution margin ratio Buck Candy Albert Contribution margin Fixed costs Net sales revenue Requirement 2. V Number of segments Operating income Variable costs as the highest contribution margin ratio? Explain why. Vis the sa nighest contribution margin ratio because this representative Requirement 2. Which sales representative has the highest contribution margin ratio? Explain why. is the sales representative with the highest contribution margin ratio because this representative Buck Candy y list or enter any number in the input fields and then continue to the next question. Albert had the highest level of variable costs. had the highest sales revenue for the period. had the lowest level of fixed costs. sold the most chairs, which have the higher contribution margin as compared to tables. sold the most tables, which have the higher contribution margin as compared to chairs. sentative

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