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I need this answer within 5 hours. Thanks in advance Part 1 Operational information: The Vancouver region of Dynamadics has operations in the city of
I need this answer within 5 hours. Thanks in advance
Part 1 Operational information: The Vancouver region of Dynamadics has operations in the city of Vancouver and the city of Victoria. This region has had great success marketing and selling its products, perhaps due to its accessibility to international customers. Sales volumes and revenues have been high, however the owners are concerned with the low level of operating income in relation to these sales levels. You have been asked to conduct analysis and work with the Vancouver regional managers to identify opportunities to improve profits. You have received the following operating results for 2021. Dynamadics Inc. Vancouver Region Income Statement For the Year Ended December 31, 2020 Sales Cost of goods sold Gross Margin Selling and administration expenses Operating Income (note: there were no inventories at the beginning and end of the year). $1,145,000 $687,000 $458,000 $286,250 $171,750 This region sells all of the product lines, however the owners have asked for an analysis of two specific product lines: Backpacks and Computer Bags. The managers of the Vancouver and Victoria Operations provided the following information respecting sales and costs of these products. Dynamadics Inc. Vancouver Region Backpacks Computer Bags Total Sales by City as % of National sales Vancouver 36% 26% 62% 31% 7% 38% Victoria 67% 33% 100% Total national sales 47% 47% 13% 13% Cost % of regional sales Variable production costs Variable selling costs Fixed costs by product Traceable fixed cost $78,000 $74,000 $152,000 Remainder of total costs Common fixed cost The managers of these two operations identified Computer Bags as an area of concern based on their experiences. They provided you with the following for the Computer og product line ACCT Dynamadies Inc. Vancouver Region Computer Bag Product Line Victoria Total Vancouver $279.609 $98.241 $377,850 Salles Revenue Costs as percentage of product sales Variable production costs Variable selling costs Traceable fred cost 139 13% $44,000 $74,000 $30.000 Part 1. Question 1 (marks) Prepare, in good form, an income statement segmented by product line for the regional operations showing the corresponding company totals Include the segment margin % for each product and in Part 1, Question 2 (6 mars Prepare, in good form a segmented performance report for the computer-bag by city. Include the segment margins for each oty and in total Note: For both question 1 and 2: Round your percentage answers to 2 decimal places (ie, 0.1234 should be recorded as 12.34%) Round your answers to the nearest dollar amount Part 1. Question 3 [2 mario) Provide recommendations to management based on your results. Be sure to integrate your results in your explanationStep by Step Solution
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