Content ← → C G Google Bb Athens BB Chapter 21 Test 1. 2. 3. 4. 5. 6. 7. 8. Progress: 1/8 items Time Remaining: 2:59:04

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Content C G Google Bb Athens Bb Chapter 21 Test 1 2 3 4 5 6 7 8 Progress 1 8 Items Time Remaining 2 59 04 1 (182.41 KiB) Viewed 38 times

Content ← → C G Google Bb Athens BB Chapter 21 Test 1. 2. 3. 4. 5. 6. 7. 8. Progress: 1/8 items Time Remaining: 2:59:04 CengageNOWv2 | Online teach x + v2.cengagenow.com/ilrn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSession Locator=&inprogress=false Mail Outlook User Login YouTube M Gmail K TechSmith Know.... M Connect McGraw... ■ ? Walthman Industries Inc. employs seven salespersons to sell and distribute its product throughout the state. Data taken from reports received from the salespersons during the year ended December 31 are as follows: Salesperson Total Sales Variable Cost of Goods Sold Variable Selling Expenses Case $585,000 $339,300 $111,150 Dix 335,000 184,250 53,600 Johnson 344,000 154,800 48,160 LaFave 574,000 252,560 97,580 Orcas 447,000 156,450 89,400 Sussman 624,000 324,480 93,600 Willbond 441,000 176,400 61,740 Required: 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio by salesperson. Round percents to the nearest whole number. Enter all amounts as positive numbers. Waltham Industries Inc. Salespersons' Analysis For the Year Ended December 31 Variable Cost of Goods Salesperson Contribution Margin Variable Selling Expenses Contribution Margin as a Percent of Sales Sold as a Percent of Sales Ratio Case $ % % % Dix % 1% 1% Johnson % % 1% LaFave % Orcas % Sussman % Next Submit Test for Grading % % % % % 1% Email Instructor ⠀
CengageNOWv2 | Online teach x + ■ v2.cengagenow.com/ilrn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignmentSession Locator=&inprogress=false Mail Outlook User Login YouTube M Gmail K TechSmith Know.... M Connect McGraw... 1. Prepare a table indicating contribution margin, variable cost of goods sold as a percent of sales, variable selling expenses as a percent of sales, and contribution margin ratio by salesperson. Round percents to the nearest whole number. Enter all amounts as positive numbers. Waltham Industries Inc. Salespersons' Analysis For the Year Ended December 31 Variable Cost of Goods Salesperson Contribution Margin Variable Selling Expenses Contribution Margin as a Percent of Sales Sold as a Percent of Sales Ratio % % Case % % % Dix % % 1% Johnson % % % % LaFave % 1% 1% Orcas % % Sussman % % % Willbond % 2. Which salesperson generated the highest contribution margin ratio for the year? 3. Identify the factors other than contribution margin that should be considered in evaluating the performance of salespersons. 1. Rate of growth in sales for the current year compared with past years 2. Years of experience for salespersons 3. Size of sales territory 4. Actual sales compared with budgeted sales 5. All of the above Content ← → C G Google Bb Athens BB Chapter 21 Test 1. 2. 3. 4. 5. 6. 7. 8. Progress: 1/8 items Time Remaining: 2:58:57 < Email Instructor Next Submit Test for Grading ⠀ ?