Homework Answers
| Contribution Margin - Sales - Variable costs | ||
| =Sales - cost of goods sold - department manager's salary - sales commission | ||
| = | 4000 | |
| No, since positive contribution margin | ||
| b | ||
| With | Without | |
| Sales | 610,000 | 550,000 |
| COGS | -265,000 | -230,000 |
| Gross Margin | 345,000 | 320,000 |
| Salary | -68,000 | -56,000 |
| Sales Commission | -101,000 | -92,000 |
| Rent | -31,500 | -31,500 |
| Utilities | -6,000 | -6,000 |
| Net Income | 138,500 | 134,500 |
| Since fixed costs of rent and utilities will not be reduced, they will be allocated to remaining divisions | ||
| c.Yes, the children department should now be eliminated as increase in earnings are higher than contribution margin from children's department | ||
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LO 6-4 excel Problem 6-28A Eliminating a segment Western Boot Co. sells men's, women's, and children's...
Western Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it...
Western Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected...
Western Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it...
Western Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected...
Problem 13-26 Eliminating a segment LO 13-4 Fanning Boot Co. sells men's, women's, and children's boots....
Problem 13-26 Eliminating a segment LO 13-4 Fanning Boot Co. sells men's, women's, and children's boots. For each type of boot sold, It operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated...
Western Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it...
Western Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected...
Perez Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it...
Perez Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected...
Adams Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it...
Adams Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected...
Gibson Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it...
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Franklin Boot Co sells men's, women's, and children's boots. For each type of boot sold, it...
Franklin Boot Co sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected to continue to do so. Last year's income statements follow. Sales Cost of goods sold Gross margin Department manager's salary Sales commissions Rent on store lease Store utilities Net income (loss) Men's...
Benson Boot Co. sells men’s, women’s, and children’s boots. For each type of boot sold, it...
Benson Boot Co. sells men’s, women’s, and children’s boots. For
each type of boot sold, it operates a separate department that has
its own manager. The manager of the men’s department has a sales
staff of nine employees, the manager of the women’s department has
six employees, and the manager of the children’s department has
three employees. All departments are housed in a single store. In
recent years, the children’s department has operated at a net loss
and is expected...
Zachary Boot Co. sells men’s, women’s, and children’s boots. For each type of boot sold, it...
Zachary Boot Co. sells men’s, women’s, and children’s boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men’s department has a sales staff of nine employees, the manager of the women’s department has six employees, and the manager of the children’s department has three employees. All departments are housed in a single store. In recent years, the children’s department has operated at a net loss and is expected...
Western Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected...
Western Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected...
Problem 13-26 Eliminating a segment LO 13-4 Fanning Boot Co. sells men's, women's, and children's boots. For each type of boot sold, It operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated...
Western Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected...
Perez Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected...
Adams Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected...
Gibson Boot Co. sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. The manager of the men's department has a sales staff of nine employees, the manager of the women's department has six employees, and the manager of the children's department has three employees. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected...
Franklin Boot Co sells men's, women's, and children's boots. For each type of boot sold, it operates a separate department that has its own manager. All departments are housed in a single store. In recent years, the children's department has operated at a net loss and is expected to continue to do so. Last year's income statements follow. Sales Cost of goods sold Gross margin Department manager's salary Sales commissions Rent on store lease Store utilities Net income (loss) Men's...
Benson Boot Co. sells men’s, women’s, and children’s boots. For
each type of boot sold, it operates a separate department that has
its own manager. The manager of the men’s department has a sales
staff of nine employees, the manager of the women’s department has
six employees, and the manager of the children’s department has
three employees. All departments are housed in a single store. In
recent years, the children’s department has operated at a net loss
and is expected...
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