Study Plan Practice - Mohamed Mohamed - Google Chrome X mathxl.com/Student/PlayerPractice.aspx?chapterld=48isld=3&objectiveld=-18texld=40&allObj=1&filter=0&closeUrl=%2FStudent%2FStudyPlanRecommendations.aspx%3Fchapterld%3D4%26sld%3D3%26object.. ACCT 355v12: Cost Analysis Mohamed Mohamed & | 04/28/21 1:15 PM 3.3 Distinguish among contribution, gross, operating, and net income margins, and apply t Close 4 14 of 16 (1 complete) 0 correct X Problem 3-41 (similar to) Question Help i Help Me Solve This X The Walking Shoe Company operates a cha -X pair of shoes. Each store has a store manager who is paid a fixed salary. Individual Revenue and Cost information pected to have the following revenue and cost relationships (Click the icon to view the revenue and Question Help Note that if sales commissions were disconti Required The Comfort Sole Shoe Company oper Selling price $ 39.00 es of inexpensive men's shoes with identical unit costs and selling prices. A anager who is paid a fixed salary. Individual salespeople receive a fixed s Unit variable cost per pair: ermine the desirability of opening Requirement 1. Calculate the number of un another store which is expected to have Cost of shoes $ 21.00 I be equal. Above that number of units sold, one plan would be more profitable than the o (Click the icon to view the revenue Sales commissions 1.95 3,000 increase in fixed salaries. The number of units sold where the operatin Note that if sales commissions were di Required Total variable costs $ 22.95 Requirement 4. You open the new stol Annual fixed costs: mmission compensation plan in place. Because you expect the cost of 61,000 for 52,000 shoes and lock in the $21.00 per unit price. But, toward the e Rent authorize a markdown of the remaining inventory to $18.00 per unit. Salaries 204,000 commission of 5% of revenues. What is the annual operating income fo Advertising 82,000 Use the updated information to calcula come statement below. (Use parentheses or a minus sign for an ope Other fixed costs 23,000 370,000 Comfort Sole Sh Total fixed costs Enter your answer in the answer box and This question is complete. Move your swers. ? Print Done ? All parts showing Close 3 parts remaining Check AnswerStudy Plan Practice - Mohamed Mohamed - Google Chrome X mathxl.com/Student/PlayerPractice.aspx?chapterld=48sld=3&objectiveld=-18texld=40&allObj=1&filter=0&closeUrl=%2FStudent%2FStudyPlanRecommendations.aspx%3Fchapterld%3D4%26sld%3D3%26object.. ACCT 355v12: Cost Analysis Mohamed Mohamed & | 04/28/21 1:16 PM 3.3 Distinguish among contribution, gross, operating, and net income margins, and apply t Close 4 14 of 16 (1 complete) 0 correct X Problem 3-41 (similar to) Question Help The Walking Shoe Company operates a cha i Help Me Solve This X pair of shoes. Each store has a store manager who is paid a fixed salary. Individue pected to have the following revenue and cost relationships. (Click the icon to view the revenue and Question Help Note that if sales commissions were disconti Required The Comfort Sole Shoe Company operates a chain of shoe stores. The stores sell 10 different styles of inexpensive men's shoes with identical unit costs and selling prices. A unit is defined as a pair of shoes. Each store has a store manager who is paid a fixed salary. Individual salespeople receive a fixed salary and a sales commission. Comfort Sole is trying to determine the desirability of opening Requirement 1. Calculate the number of un another store which is expected to have the following revenue and cost relationships. I be equal. Above that number of units sold, one plan would be more profitable than the o (Click the icon to view the revenue and cost information.) The number of units sold where the operatin Note that if sales commissions were discontinued for individual salespeople, there would be an $88,000 increase in fixed salaries. Required Requirement 4. You open the new store on January 1, 2019, with the original fixed-salary-plus-commission compensation plan in place. Because you expect the cost of the shoes to rise due to inflation, you place a firm bulk order for 52,000 shoes and lock in the $21.00 per unit price. But, toward the end of the year, only 50,000 pairs of shoes are sold and you authorize a markdown of the remaining inventory to $18.00 per unit. Finally all units are sold. Salespeople, as usual, get paid a commission of 5% of revenues. What is the annual operating income for the store? Use the updated information to calculate the revenues and costs for the new store. Complete the income statement below. (Use parentheses or a minus sign for an operating loss.) Comfort Sole Shoe Company This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. ? Enter your answer in the answer box and ? All parts showing Close 3 parts remaining Check Answer 4Study Plan Practice - Mohamed Mohamed - Google Chrome X mathxl.com/Student/PlayerPractice.aspx?chapterld=48isld=3&objectiveld=-18texld=40&allObj=1&filter=0&closeUrl=%2FStudent%2FStudyPlanRecommendations.aspx%3Fchapterld%3D4%26sld%3D3%26object.. ACCT 355v12: Cost Analysis Mohamed Mohamed & | 04/28/21 1:16 PM 3.3 Distinguish among contribution, gross, operating, and net income margins, and apply t Close 4 14 of 16 (1 complete) 0 correct X Problem 3-41 (similar to) Question Help The Walking Shoe Company operates a cha i Help Me Solve This X pair of shoes. Each store has a store manager who is paid a fixed salary. Individue pected to have the following revenue and cost relationships. (Click the icon to view the revenue and Question Help Note that if sales commissions were disconti Required The Comfort Sole Shoe Company operates a chain of shoe stores. The stores sell 10 different styles of inexpensive men's shoes with identical unit costs and selling prices. A unit is defined as a pair of shoes. Each store has a store manager who is paid a fixed salary. Individual salespeople receive a fixed salary and a sales commission. Comfort Sole is trying to determine the desirability of opening Requirement 1. Calculate the number of un another store which is expected to have the following revenue and cost relationships. be equal. Above that number of units sold, one plan would be more profitable than the o (Click the icon to view the revenue and cost information.) The number of units sold where the operating Note that if sales commissions were discontinued for individual salespeople, there would be an $88,000 increase in fixed salaries. Required Comfort Sole Shoe Company Operating Income Statement For the year ended December 31, 2019 Revenue $ 1,986,000 Cost of shoes 1,092,000 Commissions 99,300 This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. ? Enter your answer in the answer box and ? All parts showing Close 3 parts Check Answer 4 remaining