Folk furniture company manufactures and sells oak tables and chairs. price and cost data for the furniture follow: tables chairssales price = $800 = $100variable manufacturing cost = 522 = $24sales commission (6%) = 48 = 6folk furniture has three sales representatives: archie, ben, and cait archie sold 80 tables with 8 chairs each. ben sold 50 tables with 4 chairs each. cait sold 100 tables with 6 chairs each. read the requirements. requirement 1. calculate the total contribution margin and the contribution margin ratio for each sales representative (round to two decimal places).before calculating the total contribution margin, begin by identifying and calculating the total number of tables and chairs sold by each sales representative for the period. sales representative: tables soldchairs per tabletotal chairs the total contribution margin for each sales representative. sales representative: archiebencaitnet sales revenuevariable costscontribution marginnow calculate the contribution margin ratio for each sales representative. (round to two decimalplaceslong dash—thenearest hundredthpercentlong dash—x. xx%.)/=contribution margin ratioarchie/=%ben/=%cait/=%requirem ent 2. which sales representative has the highest contribution margin ratio? explain why.▼benarchiecaitis the sales representative with the highest contribution margin ratio because this representative▼had the highest level of variable costs. had the highest sales revenue for the period. had the lowest level of fixed costs. sold the most chairs, which have the higher contribution margin as compared to tables. sold the most tables, which have the higher contribution margin as compared to chairs. choose from any list or enter any number in the input fields and then continue to the next question.