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Homework: Week #4 Chapter #7 Score: 0 of 1 pt E22-21 (similar to) Save 1 of 7 (3 complete) HW Score: 41.86%, 2.93 of 7
Homework: Week #4 Chapter #7 Score: 0 of 1 pt E22-21 (similar to) Save 1 of 7 (3 complete) HW Score: 41.86%, 2.93 of 7 pts Question Help * Dante Gomez owns a chain of travel goods stores, Gomez Travel Goods. Last year, his sales staff sold 10,000 suitcases at an average sale price of $120. Variable expenses were 80% of sales revenue, and he total fxed expense was S 190 000 This year, the hain sold more expensive produd lines. Sales were 9 000 s cases at an average price of $220. The variable expense percentage and comparing this year's income with last years income the total fxed expenses were the same both years. Gomez evaluates the chain manager by Prepare a performance report for this year. How would you improve Gomez's performance evaluation system to better analyze this year's results? Begin by preparing a performance report. (Complete all answer boxes. Enter a "Or for zero amounts.) Gomez Travel Goods Income Statement Performance Report This Year Last Year Variance 10000 1200000 1020000 (1000 9000 1980000 1584000 Number of suitcases sold Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income Enter any number in the edit fields and then click Check Answer Check Answer Clear All part remaining
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