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Downtown Retail operates a retail store in San Francisco and San Diego, CA. The following information relates to the San Francisco facility: The store sold
Downtown Retail operates a retail store in San Francisco and San Diego, CA. The following information relates to the San Francisco facility: The store sold 65,000 units at $18.00 each, after having purchased the units from various suppliers for $12.50. San Francisco salespeople are paid a 5% commission based on dollars San Francisco's sales manager oversees the placement of local advertising con totaled $54,000 for the year. Local property taxes amounted to $14,500 gross sales which ntrast, the tracts, The sales manager's $65,000 salary is set by San Francisco's store manager. In co store manager's $134,000 salary is determined by Downtown's vice president. San Francisco incurred $6,800 of other non-controllable costs. Non-traceable (common) corporate overhead totaled $68,000. -Downtown's corporate headquarters is located in San Diego, and the company use responsibility accounting to evaluate performance. Required: Prepare a segmented income statement for the San Francisco store, being sure to disclose the segment contribution margin, the segment controllable profit margin, and segment profit margin
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