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Business unit profit statement; responsibility accounting: retailer Lo 12.6 , 12.7 office space separate from its Westlakes store. - Sales volume, sales price and purchase

image text in transcribed Business unit profit statement; responsibility accounting: retailer Lo 12.6 , 12.7 office space separate from its Westlakes store. - Sales volume, sales price and purchase price data: - The following expenses were incurred for sales commissions, local advertising, property taxes, management salaries and other non-controllable (but traceable) costs: Page 575 head office. - Non-traceable fixed corporate expenses total \$865 350. - The company uses a responsibility accounting system. Required 1. Assume the role of David Kumar and prepare a profit statement for Lakes Cakes that shows the profitability of each retail store. 2. Determine the weakest performing store and discuss probable causes of the weakest store's performance. evaluate each store manager's performance: contribution margin, profit margin controllable by the store manager, or a store's profit margin? Justify your

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