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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 StoreScioto Store Downtown Store $ 6,000 $ 2,700 $12,000 Cleveland Division (total for all stores) $ 21,000 2,000 2,300 7,000 740 90 14,000 1, 700 260 340 310 190 160 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 290 180 65 240 90 530 350 220 510 260 230 930 270 80 120 460 80 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 $100,000, which are not allocated to individual stores. Buckeye Department Stores incurs common fixed expenses of $160,000, which are not allocated to the two divisions. Income-tax expense for 20x1 is $1,550,000. 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.) Buckeye Department Stores, Inc. Segments of Company Segments of Columbus Division Cleveland Columbus Olentangy Scioto Downtown Not Division Division Store Store Store Allocated Variable operating expenses: Total variable expenses Segment contribution margin Fixed expenses controllable by segment manager: $ S 0S 0S 0S 0S 0S $ 0S 0S 0S 0S 0S 0S Total Profit margin controllable by segment manager Fixed expenses, traceable to segment, but controllable by others: S 0S 0S 0S 0S 0S $ 0S 0S 0S 0S 0S s Total s 5 S 5 S S $ 0S 0S 0S 0S 0S Profit margin traceable to segment $ $ 0 - Required 1 Required 2 >
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