Combined Company | Not Allocated | Boston | Hartford | Not Allocated | Clothing | Cycle & Run | |
Sales Revenue | $ 12,720,000 | $ 5,785,000 | $ 4,161,000 | $ 2,774,000 | |||
Variable Costs | |||||||
Cost of Sales | $ 7,770,700 | $ 3,471,000 | $ 2,912,700 | $ 1,387,000 | |||
Operating Costs | $ 3,746,650 | $ 1,735,500 | $ 1,040,250 | $ 970,900 | |||
Total Variable Costs | $ 11,517,350 | $ 5,206,500 | $ 3,952,950 | $ 2,357,900 | |||
Contribution Margin | $ 1,202,650 | $ 578,500 | $ 208,050 | $ 416,100 | |||
Fixed controllable costs | $ 385,000 | $ 38,500 | $ 173,250 | $ 34,650 | $ 86,625 | $ 51,975 | |
Fixed non controllable costs | $ 285,000 | $ 28,500 | $ 114,000 | $ 14,250 | $ 78,375 | $ 49,875 | |
Total Traceable Fixed Costs | $ 670,000 | $ 67,000 | $ 287,250 | $ - | $ 48,900 | $ 165,000 | $ 101,850 |
Profit before non traceable costs | $ 532,650 | $ -67,000 | $ 291,250 | $ - | $ -48,900 | $ 43,050 | $ 314,250 |
Less Not traceable fixed costs | $ 505,000 | ||||||
Net Profit | $ 27,650 |
Cardio World Inc. (CWI) is a sporting goods retailer that specializes in bicycles, running shoes, and...
Cardio World Inc. (CWI) is a sporting goods retailer that specializes in bicycles, running shoes, and related clothing. The firm has become successful by careful attention to trends in cycling, running, and changes in the technology and fashion of sport clothing. In recent years, however, the profit margins have begun to fall, and CWI has decided to employ a contribution income statement to further analyze the company’s profitability. The company has two stores, one in Hartford, Connecticut, and the other...
Required information (The following information applies to the questions displayed below.) Cardio World Inc. (CWI) is a sporting goods retailer that specializes in bicycles, running shoes, and related clothing. The firm has become successful by careful attention to trends in cycling, running, and changes in the technology and fashion of sport clothing. In recent years, however, the profit margins have begun to fall, and CWI has decided to employ a contribution income statement to further analyze the company's profitability. The...
Fashionisto Inc. is an upscale clothing store in New York City and London. Each store has two main departments, Men’s Apparel and Women’s Apparel. Marie Phelps, Fashionisto’s CFO, wants to use strategic performance measurement to better understand the company’s financial results. She has decided to use the profit center method to measure performance and has gathered the following information about the two stores and the two departments of the New York City store: Total net sales $ 4,400,000 Fixed costs...
Fashionisto Inc. is an upscale clothing store in New York City and London. Each store has two main departments, Men’s Apparel and Women’s Apparel. Marie Phelps, Fashionisto’s CFO, wants to use strategic performance measurement to better understand the company’s financial results. She has decided to use the profit center method to measure performance and has gathered the following information about the two stores and the two departments of the New York City store: Total net sales $ 4,100,000 Fixed costs...
Fashionisto Inc. is an upscale clothing store in New York City and London. Each store has two main departments, Men’s Apparel and Women’s Apparel. Marie Phelps, Fashionisto’s CFO, wants to use strategic performance measurement to better understand the company’s financial results. She has decided to use the profit center method to measure performance and has gathered the following information about the two stores and the two departments of the New York City store: Total net sales $ 4,200,000 Fixed costs...
Extreme Sporting Goods is a retailer of sporting equipment. Last year, Extreme Sporting Goods' sales revenues totalled $6,500,000. Total expenses were $1,730,000. Of this amount, approximately $1,025,000 were variable, while the remainder were fixed. Since Extreme Sporting Goods offers thousands of different products, its managers prefer to calculate the break-even point in terms of sales dollars rather than units. Assume that Extreme Sporting Goods gathers information on the sales of its products based on two departments: Winter Sports and Summer...
Buckeye Department Stores, Inc. operates a chain of department
stores in Ohio. The company’s organization chart appears below.
Operating data for 20x1 follow.
BUCKEYE DEPARTMENT STORES, INC.
Operating Data for 20x1
(in thousands)
Columbus Division
Olentangy Store
Scioto Store
Downtown Store
Cleveland Division (total for all stores)
Sales revenue
$
8,000
$
2,600
$
14,000
$
20,000
Variable expenses:
Cost of merchandise sold
5,000
2,200
7,000
13,000
Sales personnel—salaries
600
310
760
1,600
Sales commissions
70
40
110
240
Utilities...
kayak for A sporting goods retailer purchases items to sell in his store. He purchases 1.2 a $250 and sells it for $625. Determine the following: a. dollar markup b. markup percentage on cost . markup percentage selling price c. on 1.3 A consumer purchases a bicycle from a retailer for $150. The retailer's markup is 40%, and the wholesaler's markup is 15 % , both based on selling price. For what price does the manufacturer sell the product to...
Shown as follows is a segmented income statement for Drexel-Hall during the current month. 60 Sales Variable costs Contribution margin Traceable fixed costs: controllable Performance margin Traceable fixed costs: committed Store responsibility margin Common fixed costs Income from operations Drexel-Hall Dollars $1,800,000 100% 1,080,000 $ 720,000 40% 432,000 24 $ 288,000 16% 180,000 10 $ 108,000 6% 36,000 $ 72,000 4% Store 1 Dollars $600,000 372,000 $228,000 120,000 $108,000 48,000 $ 60,000 100% 62 38% 20 18% 8 Profit Centers...
Slippers Inc. produces and sells shoes in chain stores. Company sells 10 kinds of cheap shoes with similar costs and selling prices. Each store has a manager working for a salary. Each salesperson is paid salary plus a sales Premium. Company pays extra 1 TL premium to sales person and 1 TL to manager for each pair of shoes sold beyond BEP. Company is to decide whether to open up or not a new store. Budgeted revenue and costs are...