Master budgets

E22-21 (similar to) Question Help Darien Perez owns a chain of travel goods stores, Perez Travel Goods. Last year, his sales staff sold 25,000 suitcases at an average sale price of $180. Variable expenses were 70% of sales revenue, and the total fixed expense was $160,000. This year, the chain sold more expensive product lines. Sales were 19,000 suitcases at an average price of $280. The variable expense percentage and the total fixed expenses were the same both years. Perez 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 Perez's performance evaluation system to better analyze this year's results? Incorrect: 0 Begin by preparing a performance report. (Complete all answer boxes. Enter a "0" for zero amounts.) imilar to) (0/1) Perez Travel Goods Income Statement Performance Report This Year Last Year Variance Number of suitcases sold Sales Revenue es Variable Expenses Contribution Margin Fixed Expenses TH Operating Income Enter any number in the edit fields and then click Check