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I want it in exact order please M X SEO Mother Stories is a retailer in British Columbia. The most recent monthly income statement for
I want it in exact order please
M X SEO Mother Stories is a retailer in British Columbia. The most recent monthly income statement for Northern Stores is given below: Store Il $800,000 378,000 422,000 189,000 233,000 140,000 $93,000 Store $1,300,000 882,000 418,000 231,000 187,000 210,000 -$23,000 Total $2,100,000 1,260,000 840,000 420,000 420,000 350,000 $70,000 Sales Loss variable expenses Contribution margin Less traceable fixed expenses Segment margin Less allocated fixed expenses Operating income floss) 1 Northern is considering closing Store l. If Store I is closed, 25% of its traceable fixed expenses would continue to be incurred. Also, the closing of Store I would result in a 20% decrease sales in Store II, Northern allocates common fixed expenses on the basis of sales dollars and none of these costs would be saved if a store were shut down. 14 Required: 15 16 Should Store 1 be dropped? Show all supporting calculations. (5 marks) 17 Note: You may not need to use all the green and blue highlighted cells. 18 19 Sales 20 Less 22 24 25 26 27 Incremental profit (loss) if Storel is dropped 29 Decision: 30Step by Step Solution
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