Question: Prepare Segmented Income statement BUCKEYE DEPARTMENT STORES, INC. Operating Data for 20x1 (in thousands) Columbus Division Olentangy Store Scioto Store Downtown Store Cleveland Division (total
Prepare Segmented Income statement
| 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 | $ | 6,000 | $ | 2,700 | $ | 12,000 | $ | 21,000 | |||||
| Variable expenses: | |||||||||||||
| Cost of merchandise sold | 2,000 | 2,300 | 7,000 | 14,000 | |||||||||
| Sales personnelsalaries | 500 | 320 | 740 | 1,700 | |||||||||
| Sales commissions | 50 | 50 | 90 | 260 | |||||||||
| Utilities | 80 | 70 | 190 | 340 | |||||||||
| Other | 60 | 35 | 160 | 310 | |||||||||
| Fixed expenses: | |||||||||||||
| Depreciationbuildings | 120 | 90 | 290 | 530 | |||||||||
| Depreciationfurnishings | 80 | 40 | 180 | 350 | |||||||||
| Computing and billing | 40 | 40 | 65 | 220 | |||||||||
| Warehouse | 70 | 70 | 240 | 510 | |||||||||
| Insurance | 40 | 25 | 90 | 260 | |||||||||
| Property taxes | 35 | 20 | 80 | 230 | |||||||||
| Supervisory salaries | 150 | 120 | 460 | 930 | |||||||||
| Security | 40 | 40 | 80 | 270 | |||||||||
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
