24 edge inc had two products le chaud and le frais financial data for both the produ 4306493

24 edge inc had two products le chaud and le frais financial data for both the produ 4306493

24) Edge Inc. had two products—Le Chaud and Le Frais. Financial data for both the products follow:

Le Chaud

Le Frais

Unit sold

2,200 units

800 units

Sale price per unit

$500

$1,000

Variable manufacturing cost per unit

320

750

Sale commission (% of sales)

7%

5%

It had two sale executives—Jack and Peter. Each of them sold a total of 1,500 units during the month of March, 2015. Jack had a sales mix of 70% Le Chaud and 30% Le Frais. Peter had a sales mix of 60% Le Chaud and 40% Le Frais. Which sales representative has the highest contribution ratio? Explain the reason for your answer. (Round your percent answers to two decimal places.)

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