Rodriguez owns a chain of travel goods stores,

RodriguezRodriguez

Travel Goods. Last year, his sales staff sold

25,000

suitcases at an average sale price of $150.

Variable expenses were 70%

of sales revenue, and the total fixed expense was $170,000.

This year, the chain sold more expensive product lines. Sales were 17,000

suitcases at an average price of $250.

The variable expense percentage and the total fixed expenses were the same both years.

RodriguezRodriguez

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

RodriguezRodriguez'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.)

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Rodriguez Travel Goods
Income Statement Performance Report
	This Year	Last Year	Variance
Number of suitcases sold
Sales Revenue
Variable Expenses
Contribution Margin
Fixed Expenses
Operating Income