E22-21 (similar to) Question Help $ Don Sanchez owns a chain of travel goods stores, Sanchez Travel Goods. Last year, his sales staff sold 15,000 suitcases at an average sale price of $200. Variable expenses were 65% of sales revenue, and the total fixed expense was $110,000. This year, the chain sold more expensive product lines. Sales were 14,000 suitcases at an average price of $250. The variable expense percentage and the total fixed expenses were the same both years. Sanchez evaluates the chain manager by comparing this year's income with last year's income. Prepare a performance report for this year. How would you improve Sanchez's performance evaluation system to better analyze this year's results? Begin by preparing a performance report. (Complete all answer boxes. Enter a "0" for zero amounts.) Sanchez Travel Goods Income Statement Performance Report This Year Last Year Variance Number of suitcases sold 15,000 14,000 Sales Revenue Variable Expenses Contribution Margin Fixed Expenses (110,000) (110,000) Operating Income Enter any number in the edit fields and then click Check Answer. ? 1 part remaining Clear All Check Answer 4007 W o