Zesty Tomato Company Manufactures Jam and Ketchup Calculate the Total Contribution Margin and the Contribution Margin Ratio

Essay

Zesty Tomato Company manufactures jam and ketchup.Sales price and cost data for both products follow:
$$\begin{array}{l}\begin{array} { l r r } & \text { Jam } & \text { Ketchup } \\\text { Sales price } & \$ 20.00 & \$ 42.00 \\\text { Variable manufacturing costs } & 12.00 & 20.00 \\\text { Sales commission } ( 10 \% ) & 2.00 & 4.20\end{array}\\\text { The company has three sales representatives: }\\\begin{array} { l r r } &{ \text { Units Sold } } \\& \text { Jam } & \text { Ketchup } \\\text { Paul Kowalski } & 2,000 & 750 \\\text { Miriam Omer } & 2,520 & 650 \\\text { May Sasaki } & 2,300 & 900\end{array}\end{array}$$
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.