Study Plan Practice - Mohamed Mohamed - Google Chrome X mathxl.com/Student/PlayerPractice.aspx?chapterld=48sld=38objectiveld=-18texld=40&allObj=1&filter=0&closeUrl=%2FStudent%2FStudyPlanRecommendations.aspx%3Fchapterld%3D4%26sld%3D3%26object.. ACCT 355v12: Cost Analysis Mohamed Mohamed & | 04/28/21 1:54 PM 3.3 Distinguish among contribution, gross, operating, and net income margins, and apply t Close 4 14 of 16 (1 complete) 0 correct X Problem 3-41 (similar to) Question Help The Memory Fit Shoe Company operates a Help Me Solve This X Revenue and Cost information - X manager who is paid a fixed salary. Individual i s a pair of shoes. Each store has a store expected to have the following revenue and cost relationships. (Click the icon to view the revenue and Question Help Note that if sales commissions were disconti Required The Walking Shoe Company operates Selling price $ 35.00 inexpensive men's shoes with identical unit costs and selling prices. A anager who is paid a fixed salary. Individual salespeople receive a fixed s Unit variable cost per pair: e the desirability of opening another Requirement 1. Calculate the number of un store which is expected to have the foll Cost of shoes $ 21.00 be equal. Above that number of units sold, one plan would be more profitable than the o (Click the icon to view the revenue Sales commissions 1.75 5,000 increase in fixed salaries. The number of units sold where the operatin Note that if sales commissions were di Required Total variable costs 22.75 Requirement 4. You open the new sto Annual fixed costs: mmission compensation plan in place. Because you expect the cost of for 54,000 shoes and lock in the $21.00 per unit price. But, toward the e Rent $ 62,000 authorize a markdown of the remaining inventory to $17.00 per unit. Salaries 208,000 commission of 5% of revenues. What is the annual operating income fo Advertising 85,000 Use the updated information to calcula Other fixed costs 21,000 come statement below. (Use parentheses or a minus sign for an ope Walking Shoe Total fixed costs 376,000 Enter any number in the edit fields ar ? Enter your answer in the answer box and Print Done ? All parts showing Check Answer Close 3 parts remaining Check AnswerStudy Plan Practice - Mohamed Mohamed - Google Chrome X mathxl.com/Student/PlayerPractice.aspx?chapterld=48isld=3&objectiveld=-18texld=40&allObj=1&filter=0&closeUrl=%2FStudent%2FStudyPlanRecommendations.aspx%3Fchapterld%3D4%26sld%3D3%26object.. ACCT 355v12: Cost Analysis Mohamed Mohamed & | 04/28/21 1:54 PM 3.3 Distinguish among contribution, gross, operating, and net income margins, and apply t Close 4 14 of 16 (1 complete) 0 correct X Problem 3-41 (similar to) Question Help The Memory Fit Shoe Company operates a i Help Me Solve This X s a pair of shoes. Each store has a store manager who is paid a fixed salary. Individual expected to have the following revenue and cost relationships. (Click the icon to view the revenue and Question Help Note that if sales commissions were disconti Required The Walking Shoe Company operates a chain of shoe stores. The stores sell 10 different styles of inexpensive men's shoes with identical unit costs and selling prices. A unit is defined as a pair of shoes. Each store has a store manager who is paid a fixed salary. Individual salespeople receive a fixed salary and a sales commission. Walking is trying to determine the desirability of opening another Requirement 1. Calculate the number of un store which is expected to have the following revenue and cost relationships. I be equal. Above that number of units sold, one plan would be more profitable than the o (Click the icon to view the revenue and cost information.) The number of units sold where the operatin Note that if sales commissions were discontinued for individual salespeople, there would be an $85,000 increase in fixed salaries. Required Requirement 4. You open the new store on January 1, 2019, with the original fixed-salary-plus-commission compensation plan in place. Because you expect the cost of the shoes to rise due to inflation, you place a firm bulk order for 54,000 shoes and lock in the $21.00 per unit price. But, toward the end of the year, only 52,000 pairs of shoes are sold and you authorize a markdown of the remaining inventory to $17.00 per unit. Finally all units are sold. Salespeople, as usual, get paid a commission of 5% of revenues. What is the annual operating income for the store? Use the updated information to calculate the revenues and costs for the new store. Complete the income statement below. (Use parentheses or a minus sign for an operating loss.) Walking Shoe Company Enter your answer in the answer box and Enter any number in the edit fields and then click Check Answer. ? ? All parts showing Clear All Check Answer Close 3 parts remaining Check AnswerStudy Plan Practice - Mohamed Mohamed - Google Chrome X mathxl.com/Student/PlayerPractice.aspx?chapterld=48sld=38objectiveld=-18lexld=40&allObj=1&filter=0&closeUrl=%2FStudent%2FStudyPlanRecommendations.aspx%3Fchapterld%3D4%26sld%3D3%26object.. ACCT 355v12: Cost Analysis Mohamed Mohamed & | 04/28/21 1:55 PM 3.3 Distinguish among contribution, gross, operating, and net income margins, and apply t Close 4 14 of 16 (1 complete) 0 correct X Problem 3-41 (similar to) Question Help The Memory Fit Shoe Company operates a Help Me Solve This X s a pair of shoes. Each store has a store manager who is paid a fixed salary. Individual expected to have the following revenue and cost relationships. (Click the icon to view the revenue and Question Help Note that if sales commissions were disconti Required The Walking Shoe Company operates a chain of shoe stores. The stores sell 10 different styles of inexpensive men's shoes with identical unit costs and selling prices. A unit is defined as a pair of shoes. Each store has a store manager who is paid a fixed salary. Individual salespeople receive a fixed salary and a sales commission. Walking is trying to determine the desirability of opening another Requirement 1. Calculate the number of un store which is expected to have the following revenue and cost relationships I be equal. Above that number of units sold, one plan would be more profitable than the o (Click the icon to view the revenue and cost information.) The number of units sold where the operating Note that if sales commissions were discontinued for individual salespeople, there would be an $85,000 increase in fixed salaries. Required Walking Shoe Company Operating Income Statement For the year ended December 31, 2019 Revenue Cost of shoes Commissions Enter any number in the edit fields and then click Check Answer. ? Enter your answer in the answer box and ? All parts showing Clear All Check Answer Close 3 parts remaining Check