Salespersons\' Report and Analysis Tavaris Instruments Company employs seven sal

Question

Salespersons' Report and Analysis

Tavaris Instruments Company 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:

Required:

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.

Salesperson Total Sales Variable Cost of Goods Sold Variable Selling Expenses Ainge $414,000 $231,840 $70,380 Brohm 423,000 203,040 63,450 Carr 607,000 345,990 133,540 Harrell 426,000 153,360 89,460 Losman 453,000 172,140 95,130 Null 320,000 134,400 48,000 Skelton 335,000 150,750 70,350

Explanation / Answer

Contribution Variable cost of goods Variable selling expense Contribution maring Sales person margi sold ratio Ainge 182160 56.00% 17.00% 44.00% Brohm 219960 48.00% 15.00% 52.00% Carr 261010 57.00% 22.00% 43.00% Harrell 272640 36.00% 21.00% 64.00% Losman 280860 38.00% 21.00% 62.00% Null 185600 42.00% 15.00% 58.00% Skelton 184250 21.00% 21.00% 79.00%

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