6 Problem 18-51 Contribution Income Statement: Spreadsheet Application [LO 18-3] 0.85 points 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 pped information about the two stores and the two departments of the New York City store: Total net sales Fixed costs $4,300,000 eBook Partly traceable and controllable Partly traceable but noncontrollable Nontraceable costs 290,000 260,000 110,000 Total net sales (percent) Print London store New York store New York-Men's Apparel New York-Women's Apparel 40 60 40 60 References Cost of goods sold-variable (percent of sales) London store New York-Men's Apparel New York-Women's Apparel 52 45 60 Variable operating costs (percent of sales) 36 London store Nev York-Men's Apparei New York-Wonen's Apparel 32 Pixed controllable costs-partly traceable (percent of total) London store New York total 409 40 45 40 15 20 Men s Apparel Women's Apparel Could not be traced to Men's or Women s Apparel Could not be traced to London or New York Pixed noncontrollable costs-partly traceable (percent of total) 50% 40 35 15 50 10 London store New York total Men's Apparel Women's Apparel Could not be traced to Men's or Women's Apparel Could not be traced to London or New York 1. Using this information, prepare a contribution income statement for Fashionisto. Combined CompanyNot Allocated London Store N New York Store Not allocated Men's wear Women's wear Variable cost Total variable cost