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

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.