Question
A shoe store has two departments, mens shoes and womens shoes. Below is the sales information for the two departments for the month. Answer the
A shoe store has two departments, mens shoes and womens shoes. Below is the sales information for the two departments for the month.
Answer the following questions based on the data above: Round all amounts and ratios to whole numbers 1. Compute the Sales Mix for the two departments. (3 pts) 2. Compute the Contribution Margin ratio for the Mens Department. (4 pts) 3. Compute the Contribution Margin ratio for the Womens Department. (4 pts) 4. Compute the Weighted Average Contribution Margin. (4 pts) 5. Compute the companys Break-Even Sales in dollars. (4 pts) 6. Compute the Break-Even sales for the Mens Department (3 pts) 7. Compute the Break-Even sales for the Womens Department (3pts)
Instructions: Show all calculations for each item, by numbering your answers.
\begin{tabular}{|c|c|c|c|} \hline & MensShoeDepartment & WomensShoeDepartment & Total \\ \hline Sales & $320,000 & $480,000 & $800,000 \\ \hline Variable Costs & $187,500 & $255,000 & $442,500 \\ \hline Fixed Costs & & & $256,500 \\ \hline Net Income & & & $101,000 \\ \hline \end{tabular}Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started