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 Downtown Store Store Store $5,000 $2,700 $12,000 Cleveland Division (all stores) $ 22,000 Sales revenue Variable expenses: Cost of merchandise sold 000 2. 200 7 000 11 nnn BUCKEYE DEPARTMENT STORES, INC. Operating Data for 20x1 (in thousands) Columbus Division olentangy Scioto Downtown Store Store Store $5,000 $ 2,700 $12,000 Cleveland Division (all stores) $ 22,000 3,000 400 50 70 60 2,300 330 30 50 55 7,000 740 100 170 140 14,000 1,700 260 300 310 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 110 70 60 60 60 55 140 40 100 40 40 50 45 40 110 40 290 160 65 240 100 90 460 90 530 350 220 510 260 230 930 270 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 $80,000 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 $120,000, which are not allocated to 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 $80,000 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 $120,000, which are not allocated to individual stores. Buckeye Department Stores incurs common fixed expenses of $140,000, which are not allocated to the two divisions. Income-tax expense for 20x1 is $1,300,000. S 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? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Check my Segments of Company Cleveland Columbus Division Division Buckeye Department Stores, Inc. Olentangy Scioto Store Segments of Columbus Division Downtown Not Store Store Allocated Variable operating expenses: $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Total variable expenses Segment contribution margin Fixed expenses controllable by segment manager: $ 0 $ 0 $ 0 $ 0 $ 0 S 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 S 0 $ 0 Total Profit margin controllable by segment manager Fixed expenses, traceable to segment, but $ 0 $ 0 $ 0 $ 0 $ 0 S 0 $ 0 Total 0 $ 0 $ 0 $ 0 0 $ 0 $ Oo $ $ 0 $ 0 $ $ O $ | A 0 $ 0 0 Profit margin controllable by segment manager Fixed expenses, traceable to segment, but controllable by others: Total 0 $ 0 $ $ 0 $ 0 $ $ 0 $ 0 $ 0 $ $ OO Oo Profit margin traceable to segment 0 $ o O $ $ 0 $ $ 0 0