Homework: Week Six : Chapter 7: Exercises Save core: 0 of 1 pt 10 of 15 (2 complete) HW Score: 13.33%, 2 of 15 pts 22-21 (similar to) Question Help Darien Gonzalez owns a chain of travel goods stores, Gonzalez Travel Goods. Last year, his sales staff sold 15,000 suitcases at an average sale price of $120. Variable expenses were 80% of sales revenue, and the total fixed expense was $130,000. This year, the chain sold more expensive product lines. Sales were 14,000 suitcases at an average price of $170. The variable expense percentage and the total fixed expenses were the same both years. Gonzalez evaluates the chain manager by comparing this year's income with last year's income. Prepare a performance report for this year. How would you improve Gonzalez's performance evaluation system to better analyze this year's results? Begin by preparing a performance report. (Complete all answer boxes. Enter a "0" for zero amounts.) Gonzalez Travel Goods Income Statement Performance Report This Year Last Year Variance Number of suitcases sold Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income Enter any number in the edit fields and then click Check Answer Check Answer Clear All 1 part remaining This course (ACCT 1090 V0852) is based on Custom MyAccountingLab for ACCTG 1090 for Macomb Community College