Question: Problem 1 8 . 5 1 ( Algo ) Contrlbutlon Income Statement; Spreadsheet Applleation [ LO 1 8 - 3 ] Fashionisto Incorporated is an
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Problem Algo Contrlbutlon Income Statement; Spreadsheet Applleation LO
Fashionisto Incorporated is an upscale clothing store in New York City and London. Each store hos two main departments, Men's Apporel and Women's Apparel. Marie Phelps, Foshionisto's CFO, wants to use strategic performance messurement to better understand the company's financisl results. She has decided to use the profit center method to messure performance and has gathered the following information sbout the two stores and the two departments of the New York City store:
tableTotal net sales,$ ebeFixed costsPartly traceable and controllable,Partly traceable but noncontrollable,Nontraceable costs,theta eTotal net sales percentLondon store,New York store,Ncw YorkMen's Apparel,Ncw YorkWonen's Apparel,Cost of goods soldvariable percent of salesLendon store,Ncw YorkMen's Apparel,Ncw YorkWonen's Apparel,Variable operating costs percent of salesLandon store,Ncw YorkMen's Apparel,Ncw YorkWonen's Apparel,Fixed controllable costspartly traceable percent of totalLandon store,exNcw York tatal,Mens Apparel,Womens Apparel,Could not be traced to Men's or Wemen's Apparel,Could not be traced to London or New York,Fixed noncontrollable costspartly traceable percent of totalLandon store,xNcw York tatal,Mens Apparel,Wements Apparel,Could not be traced to Men's or Women's Apparel,Could not be traced to London or New York,
Required:
Using this information, prepare a contribution income statement for Fashionisto.
tabletableCombinedCompanyNot Allocated,London store,tableNew YorkstoreNot allocated,Men's wear,Women's wearCOGSVariable costTatal variable cost,cTaass
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