Problem 10-26 (Part Level Submission)
I am in URGENT need of help. Class ends tonight at 1159. I need the solution ASAP
Problem 10-26 (Part Level Submission) Shoe Shock Innovations manufactures athletic shoe inserts that cushion the foot and reduce the impact of exercise on the joints. The company has two divisions, Sole Inserts and Heel Inserts. A segmented income statement from last month follows. Sole Inserts Division Heel Inserts Division Total Shoe Shock Revenue $493,000 $2,533,000 $3,026,000 Less variable expenses 301,000 2,023,000 2,324,000 Contribution margin 192,000 510,000 702,000 Less traceable Fxed expenses 122,300 350,000 472,300 Segment margin $69,700 $160,000 229,700 Common Fxed costs 174,100 Net operating income $55,600 Chris Kelly is Shoe Shock’s sales manager. Although this statement provides useful information, Chris wants to know how well the company’s two distribution channels, specialty footwear stores and drug stores, are performing. Marketing data indicates that 20% of sole inserts and 75% of heel inserts are sold through specialty footwear stores. A recent analysis of corporate Fxed costs revealed that 50% of all Fxed costs are traceable to specialty footwear stores and 45% of all Fxed costs to drug stores. (a) Prepare a segment margin income statement for Shoe Shock’s two distribution channels. (If the amount is negative then enter with a negative sign preceding the number e.g. -5,125 or parenthesis. e.g. (5,125).) Specialty Footwear Stores Drug Stores Total Shoe Shock $ $ $ $ $ $ :
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Posted 18 Dec 2017 01:12 PM
My Price 10.00
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