TB Problem 12-90 Midtown Retail operates a retail store... Midtown Retail operates a retail store in Kansas City, MO., and St. Louis, MO. The following information relates to the Kansas City facility: The store sold 61,800 units at $34.00 each, after having purchased the units from various suppliers for $26.50. Kansas City salespeople are paid a 1% commission based on gross sales dollars. • Kansas City's sales manager oversees the placement of local advertising contracts, which totaled $70,000 for the year. Local property taxes amounted to $30,500. • The sales manager's $81,000 salarv is set by Kansas City's store manager. In contrast, the store manager's $150,000 salary is determined by Midtown's vice president. Kansas City incurred $14,800 of other noncontrollable costs. • Nontraceable (common) corporate overhead totaled $84,000. es Midtown's corporate headquarters is located in St. Louis, and the company uses responsibility accounting to evaluate performance. Required: Prepare a segmented income statement for the Kansas City store, being sure to disclose the segment contribution margin, the segment controllable profit margin, and segment profit margin.

q2: Junko Company manufactures financial calculators and produced 97,000 units during the year. The finished goods inventory was 1,260 units on January 1 and 1,040 units on December 31. The average unit cost is $118, what was the cost of goods manufactured and the cost of goods sold for the year? Please choose the correct option and show your calculation to validate your selection: A. $11,446,000 & $11,471,960 B. $10,839,680 & $11,446,000 C. $11,446,000 & $12,839,680 D. $10,888,240 & $11,446,000

Problem  1 -  FIT, Inc., operates a chain of sporting goods stores in the southwestern United States. Each store has a store manager, several sales associates, and two or three office staff personnel. The store manager is paid $4,000 per month plus a bonus based on the amount of sales. Sales associates receive a salary of $3 per hour and a commission of 3% of their total sales. Office staff receive hourly wages. Each of the stores is leased at a monthly rent of $6,000. Required: Classify each of the following costs incurred by FIT as fixed, variable, or mixed: ____________ (a.) Office staff salaries relative to the amount of sales recorded by an individual store ____________ (b.) Store manager’s compensation, relative to the amount of sales recorded by a store ____________ (c.) Cost for bags (used to bag each customer’s purchase) and cash register tape relative to amount of sales recorded by a store ____________ (d.) Lease cost relative to the amount of sales recorded by a store…

Front Range Cabinet Distributors in Colorado Springs, Colorado, sells to its contractors with a 48% markup on cost. If the selling price for cabinets is $9,440, what is the cost to contractors based on cost? (Round your answer to the nearest cent.) Based on cost %24 Aa photos W

These salespeople are paid a minimum monthly salary or commission, whichever is greater. Find the monthly commission and gross pay. # Salesperson 15 Moser 16 Zinn 17 Schwartz 18 Flores 19 Barksdale Minimum Monthly Salary $2,100 1600 3140 850 3410 Total X Commission Monthly Rate Sales $28,000 23000 31000 10000 29100 X X X X X 8.0% 6.5% 9.25% 3.5% 12.1% = Monthly Commission Gross Pay

Boston Home Center (BHC) offers customers the use of a truck at $64 per trip to take purchased merchandise home. BHC reports the following information about the trucks it has for customer usage:   Cost Driver Rate Cost Driver Volume Resources used         Operation $ 0.55 per mile 46,200 miles Administration 25.00 per trip 1,874 trips Resources supplied         Operation $ 35,400       Administration $ 62,400       Sales revenue totaled $80,000. Required: Prepare a traditional income statement. Prepare an activity-based income statement. Complete this question by entering your answers in the tabs below.   Required A Required B Prepare a traditional income statement.         Traditional Income Statement Sales revenue     Operation costs     Administration costs     Operating profit               Activity-Based Income Statement   Resources Used Unused Resource Capacity…

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