All-Mart is a department store with three major departments: Housewares, Hardware, and Electronics.  Company management is very concerned about the performance of the electronics department, noting that it seems to be a drag on the company based on its most recent fiscal quarter.  A company-wide segmented income statement follows:      Housewares  Hardware  Electronics  Total  Sales  $150,000  $220,000  $200,000  $570,000  Variable expenses  60,000  100,000  140,000  300,000  Contribution margin  90,000  120,000  60,000  270,000  Fixed expenses  50,000  100,000  90,000  240,000  Operating income (loss)  $40,000  $20,000  $(30,000)  $30,000    The company notes that if the electronics department were dropped, the other departments could expect a 10% decrease in foot traffic and sales.  Also, $20,000 of the electronics department’s fixed costs are allocated and would continue even if the department was dropped.  The company has no planned use for the space currently used by the electronics department.    needed Compute the net dollar advantage or disadvantage of dropping the electronics department.

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Morrisey & Brown, Limited, of Sydney is a merchandising company that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's Income statements for the three most recent months follow: sales in units sales Cost of goods sold Gross margin selling and administrative expenses: Advertising expense Morrisey & Brown, Limited Income statements For the Three Months Ended September 30 Shipping expense salaries and commissions Insurance expense Depreciation expense Total selling and administrative expenses Net operating income July 6,500 $ 650,000 390,000 260,000 Required 1 Required 2 Required 3 25,800 69,000 118,000 9,750 16,400 238,950 $ 21,050 Variable expenses: August 7,000 $ 700,000 420,000 280,000 Fixed expenses: 25,800 73,000 125,000 9,750 16,400 249,950 $ 30,050 Complete this question by entering your answers in the tabs below. Required: 1. By analyzing the data from the company's Income statements, classify each of its expenses…

Giardin Outdoors is a recreational goods retaller with two divisions: Online and Stores. The two divisions both use the services of the corporate Finance and Accounting (F and A) Department. Annual costs of the F and A Department total $5.2 million a year. Managers In the two operating divisions are measured based on division operating profits. The following selected data are available for the two operating divisions: Revenues (5000) $ 74,100 39,900 Online Stores Required: Determine the cost allocation if $3.8 million of the F and A costs are fixed and allocated on the basis of revenues, and the remaining costs, which are variable, are allocated on the basis of transactions. Note: Do not round Intermediate calculations. Enter your answers in dollars, not in millions or thousands. Fixed Variable Total $ Transactions (000) 1,066.5 283.5 Online $ Stores

Richmond's is a retail store with eight departments, including a garden department that has been operating at a loss. The following condensed income statement gives the latest year's operating results:     Garden Department All Other Departments Sales $840,000 $6,000,000 Cost of sales 504,000 3,900,000 Gross profit 336,000 2,100,000 Direct expenses 270,000 682,500 Common expenses 120,000 780,000 Total expenses 390,000 1,462,500 Net income (Loss) $(54,000) $637,500 a. Calculate the gross profit percentage for the garden department and for the other departments as a group.   Garden department Answer%   All other departments Answer%   b. Suppose that if the garden department were discontinued, the space occupied could be rented to an outside firm for $45,000 per year, and the common expenses of the firm would be reduced by $11,200. What effect would this action have on Richmond's net income? (Ignore income tax in your calculations.)

Anderson Publishing has two divisions: Book Publishing and Magazine Publishing. The Magazine division has been losing money for the last five years and Anderson is considering eliminating that division. Anderson's information about the two divisions is as follows: Sales Revenue Cost of Goods sold Variable manufacturing costs Fixed manufacturing costs Gross Profit Operating Expenses Variable operating expenses Fixed operating expenses Net income Book Division $ 7,960,000 2,160,000 1,093,500 $4,706,500 151,000 2,932,000 $ 1,623,500 Contribution Margin Segment Margin Book Division Magazine Division $ 3,367,700 Complete this question by entering your answers in the tabs below. 1,076,800 1,241,200 $ 1,049,708 Only 20 percent of the fixed manufacturing costs and 60 percent of the fixed operating expenses are directly attributable to each division. The remaining are common or shared between the two divisions Required: Required 1 Required 2 Compute the contribution margin and segment margin…

The Alpine House, Inc. is a large retailer of winter sports equipment. Here is an income statement for the company’s Ski department for a recent quarter:   THE ALPINE HOUSE, INC.Income Statement—Ski DepartmentFor the Quarter Ended March 31 Sales       $ 560,000 Less: Cost of goods sold         390,000 Gross margin         170,000 Less: Operating expenses:           Selling expenses $ 60,000       Administrative expenses   20,000     80,000 Net income       $ 90,000     On average, skis sell for $800 per pair. Variable selling expenses are $50 per pair of skis sold. The remaining selling expenses are fixed. The administrative expenses are 17.5% variable and 82.5% fixed. The company does not manufacture its own skis; it purchases them from a supplier for $450 per pair. Required: 1. Prepare a contribution margin income statement for the quarter. 2. For every pair of skis sold during the quarter, what was the contribution toward covering fixed expenses and toward…

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