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Superior Markets, Inc, operates three stores in a large metropolitan area. A segmented absorption costing income statement for the company for the last quarter is

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Superior Markets, Inc, operates three stores in a large metropolitan area. A segmented absorption costing income statement for the company for the last quarter is given below 10 points Superior Markets, Ine Income Statement For the Quarter Ended September 30 North Store South Store Bast store Total Salen Cost of goods sold Gross margin Selling and administrative expenses 4,500,000 $900,000 $1,800,000 $1, 800,000 990,000 2,475,000 550,000 Te025,000-350,000 935, 000 865,000-Tio,000 eBook Selling expenses Administrative expenses 47,000 246, 400 22,500 278,100 Print 58,000 121,000 367,400 173,400 495,900 163,600 441,700 Total expenses let operating income (loss) 1,305, $ 720,000 (17,400) $ 369,100 368,300 References The North Store has consistently shown losses over the past two years. For this reason, management is giving consideration to closing the store. The company has asked you to make a recommendation as to whether the store should be closed or kept open. The following additional information is vallable for your use: a. The breakdown of the selling and administrative expenses that are shown above is as follows TotalSrBoorseore Store Selling expenseR Sales salaries Direct advertiaing General advertising 237,000 63,800 71,000 $102,200 27,000 7,50013,500 27,000 27,000 99,000 9,900 8,500 180,000 66,000 7,000 23,500 25,500 84,000117,000 ,500 reciation of store fixtures 6,100 8,500 belivery ealaries Depreciation of delivery 13,500 4,500,5004,500 847,000 $246 400 322,500 $278,100 equipment Total selling expenses Allocated on the basis of sales dollars

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