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Buckeye Department Stores, Inc. operates a chaln of department stores in Ohlo. The company's organizatlon chart appears below. Operating data for 20x1 follow. Buckeye Department
Buckeye Department Stores, Inc. operates a chaln of department stores in Ohlo. The company's organizatlon chart appears below. Operating data for 20x1 follow. Buckeye Department Stores Columbus Division Cleveland Division Individual Olentangy Store Scioto Downtown Store Store Stores BUCKEYE DEPARTMENT STORES, INC. Oper ating Data for 20x1 (in thousands) Columbus Division 0lentangy Scioto Cleveland Division (total for all stores) 26, 000 Downtown Store $15, 000 Store Store Sales revenue Variable expenses: $6,000 $2, 500 Cost of merchandise sold 4, 000 2, 100 5, 000 13, 000 Sales personnel-salaries Sales commissions Utilities Other 600 320 710 1,300 70 30 80 210 90 50 140 300 80 35 110 260 Fixed expenses: Depreciation-buildings Depreciation-furnishings Computing and billing Warehouse 250 100 80 480 90 60 130 300 40 30 75 170 80 50 220 460 210 Insurance 40 25 80 Froperty taxes Supervisory salaries Security 35 20 70 180 160 120 920 410 30 30 70 220 The following fixed expenses are controllable at the divisional level: depreclation-furnishings, computing and blling, warehouse, Insurance, and security. In addition to these expenses, each division annually incurs $50,000 of computing costs, which are not allocated to Indvidual stores. The following fixed expenses are controllable only at the company level: depreclation-building, property taxes, and supervisory salarles. In addition to these expenses, each division Incurs costs for supervisory salarles of $140,000, which are not allocated to Individual stores. Buckeye Department Stores Incurs common fixed expenses of $150,000, which are not allocated to the two divislons. Income-tax expense for 20x1 is $4,600,000. 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 Department Cleveland Columbus Olentangy Stores, Inc. Scioto Downtown Not Division Division Store Store Store 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 Required 1 Required 2
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