Fred Condiments Company Manufactures Jam and Ketchup The Company Has Three Sales Representatives

question 82

Essay

Fred Condiments Company manufactures jam and ketchup.Sales price and cost data for both products follow:
$\begin{array}{lll} & \text { Jam } & \text { Ketchup } \\\text { Sales price } & \$ 20.00 & \$ 42.00 \\\text { Variable manufacturing costs } & 12.00 & 20.00 \\\text { Sales commission }(10 \%) & 2.00 & 4.20\end{array}$ The company has three sales representatives:
$$\begin{array}{l}\begin{array} { l l l } &&{ \text { Units Sold } } \\ & \text { Jam } & \text { Ketchup } \\\text { John Carter }& 2,000 & 750 \\\text { Gina Robb } & 2,520 & 650 \\\text { Robin Gould } & 2,300 & 900\end{array}\end{array}$$ Calculate the total contribution margin and the contribution margin ratio for each sales representative.Round dollar amounts to nearest dollar and ratio to two decimal places.

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Definitions:

Weight Loss

The reduction of total body mass due to efforts to improve fitness, health, or appearance.

Behavioral Changes

Modifications or transformations in how an individual acts or behaves, often as a result of interventions or life experiences.

Carbohydrates

Organic compounds consisting of carbon, hydrogen, and oxygen, that are major sources of energy in the diet of animals, including humans.

Recommended Exercise

Physical activity that is suggested or advised for maintaining or improving health and fitness, typically following guidelines from health organizations.