Buckeye Department Stores, Inc. operates a chain of department stores in Ohio. The company’s organization chart appears To Purchase This Material Click below Link http://www.tutorialoutlet.com/all-miscellaneous/buckeye-department-stores-incoperates-a-chain-of-department-stores-in-ohio-the-companys-organization-chartappears FOR MORE CLASSES VISIT www.tutorialoutlet.com
Assignment Print View Award: 6.25 points Buckeye Department Stores, Inc. operates a chain of department stores in Ohio. The company’s organization chart appears below. Operating data for 20x1 follow. BUCKEYE DEPARTMENT STORES, INC. Operating Data for 20x1 (in thousands) Columbus Division Sales revenue Variable expenses: Cost of merchandise sold Sales personnel—salaries Sales commissions Utilities Other Fixed expenses: Depreciation—buildings Depreciation—furnishings Computing and billing Warehouse
Insurance Property taxes Supervisory salaries Security Olentangy Store Scioto Store Downtown Store $ 6,000 $ 2,900 $16,000 5,000 2,500 6,000 500 350 730 60 40 90 80 60 160 70 45 130 100 90 240 60 40 150 50 30 85 50 60 210 50 35 90 45 30 80 150 140 420 30 30 80 Cleveland Division (total for all stores) $ 25,000 16,000 1,400 250 320 300 490 340 210 470 250 220 910 260 The following fixed expenses are controllable at the divisional level: depreciation—furnishings, computing and billing, warehouse, insurance, and security. In addition to these expenses, each division annually incurs $40,000 of computing costs, which are not allocated to individual stores. The following fixed expenses are controllable only at the company level: depreciation—building, property taxes, and supervisory salaries. In addition to these expenses, each division incurs costs for supervisory salaries of $160,000, which are not allocated to individual stores. Buckeye Department Stores incurs common fixed expenses of $170,000, which are not allocated to the two divisions. Incometax expense for 20x1 is $3,000,000. Required: 1. Prepare a segmented income statement for Buckeye Department Stores, Inc. 2. How would the segmented income statement help the president of Buckeye Department Stores manage the company? http://ezto.mheducation.com/hm.tpx?todo=c15SinglePrintView&singl eQuestionNo=1. &postSubmissionView=13252705328382005&wid=13252705367548311& amp;ro.. 1/2 3/23/2017 Assignment Print View Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a segmented income statement for Buckeye Department Stores, Inc. (Enter your answers in thousands.) Segments of Company
Buckeye Department Stores, Inc. Cleveland Division Columbus Division Segments of Columbus Division Olentangy Downtown Scioto Store Store Store Not Allocated Variable operating expenses: Total variable expenses Segment contribution margin Fixed expenses controllable by segment manager: Total Profit margin controllable by segment manager Fixed expenses, traceable to segment, but controllable by others: Total Profit margin traceable to segment previous next References Worksheet Difficulty: 3 Hard Learning Objective: 1205 Prepare a segmented income statement.