Complete the schedule filling in the correct amounts for variable expenses and operating income. Include commas...
Complete the schedule filling in the correct amounts for variable expenses and operating income. Include commas in numbers and dollars signs for operating income totals. Line up numbers to the right.
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1-800-FLOWERS.COM, Inc. |
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Segment Margin Statement |
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for the year ended July 2, 2017 |
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Consumer |
Bloom Net |
Gourmet |
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|
Floral |
Wire Service |
Food & Gifts |
|
|
Sales |
$437,132 |
$87,700 |
$670,677 |
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Variable expenses |
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Contribution margin |
51,860 |
32,383 |
77,312 |
|
Fixed expenses |
27,000 |
14,000 |
40,820 |
|
Operating income |
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Compute the margin of safety percentage for each segment. Use two decimal places (ex. 22.75%)
Consumer Floral:
Bloom Net Wire Service
Gourmet Food and Gifts
Which of the three segments contributes most per sales dollar to covering fixed costs and increasing operating income? Explain.
Which of the three segment’s operating income is most sensitive to changes in sales volume? Explain.
Which of the three segments has the highest risk of not breaking even and incurring a loss? Explain.
Homework Answers
| Bloom Net | Gourmet | ||
| Consumer | |||
| Floral | Wire Service | Food & Gifts | |
| Sales | $437,132 | $87,700 | $670,677 |
| Variable expenses | $385,272 | $55,317 | $593,365 |
| Contribution margin | 51,860 | 32,383 | 77,312 |
| Fixed expenses | 27,000 | 14,000 | 40,820 |
| Operating income | 24,860 | 18,383 | 36,492 |
| CM Ratio | 11.86% | 36.92% | 11.53% |
| Margin of Safety % = (Sales - Break even Sales)/Sales | 47.94% | 56.77% | 47.20% |
| Degree of Operating leverage | 2.086082 | 1.76157319 | 2.11860134 |
| Wire service contributes most as its contribution margin ratio is highest | |||
| Food and Gifts is most sensitive as DOL is highest | |||
| Food and Gifts as Fixed costs are highest and CM Ratio is lowest | |||
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