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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
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 Columbus Division Cleveland Division Olentangy Store Scioto Store Downtown Store Individual Stores BUCKEYE DEPARTMENT STORES, INC. Operating Data for 20x1 (in thousands) Columbus Division Olentangy Scioto Store Store Downtown Store $ 7,00 $ 2,990 $ 16,00 Cleveland Division (all stores) $ 23,800 4,000 700 50 Be 70 2,500 340 48 be 55 6,89 730 lee 17e 140 16, see 1,400 250 388 300 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 12e 60 68 50 60 55 160 30 1ee 6e 3e 60 45 40 12e 30 240 160 85 210 100 490 340 218 470 250 228 930 260 420 90 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 $110.000.which are not allocated to individual stores. Buckeye Department Stores incurs common fixed expenses of $120.000.which are not allocated to the two divisions. Income-tax expense for 20x1 is $2.900.000. 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 Segments of Columbus Division Buckeye Cleveland Columbus Olentangy Not Downtown Department Scioto Store Division Division Store Store Allocated Stores, Inc. Variable operating expenses: S 0 S S S 0 S 0 S Total variable expenses Segment contribution margin Fixed expenses controllable by segment manager: 0 0 S s 0 0 0 0 S 0 S S 0 S 0 S 0l s S 0 S 0 S S 0 S 0 S 0 lo 0 0 S 0 S S S 0 S 0 S 0 S Total Profit margin controllable by segment manager Fixed expenses, traceable to segment, but controllable by others: S S S 0 S 0 S 0 S 0 S Total Profit margin traceable to segment 0 0 s 0 S 0 S 0 S 0 S 0 S 0 S S 0 S 0
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