The following fixed expenses are traceable to divisions or stores, but controllable only at the company level: Depreciation for buildings, property taxes and store supervisor wages. FashionMTVII Department Stores incurs common fixed expenses of $2 600 000, which are not allocated to the two divisions. Required: 1. Pepare a performance report using the contribution margn format to show the total profitability for the company, the profitability for the two stores that are part of the Sydney division, and the profitability of the Melbourne division as a whole. (10 marks) 2. As your role of a financial controller, explain to the managing director on how this report could be used to manage the company (5 marks) (Please write your answer to the question (2) here: You are required to prepare your answers to the working question in exc and then save and upload the assessment spreadsheet to Question 11 in the assessment link in order to officially finalize your answers. Please note that: - You will be assessed with your answers in the Assessment spreadsheet. - Save the document to your desktop using YourName_StudentID_CourseCode - Upload the Assessment spreadsheet when you finish. 1 A B I U S The following fixed expenses are traceable to divisions or stores, but controllable only at the company level: Depreciation for buildings, property taxes and store supervisor wages. FashionMTVII Department Stores incurs common fixed expenses of $2 600 000, which are not allocated to the two divisions. Required: 1. Pepare a performance report using the contribution margn format to show the total profitability for the company, the profitability for the two stores that are part of the Sydney division, and the profitability of the Melbourne division as a whole. (10 marks) 2. As your role of a financial controller, explain to the managing director on how this report could be used to manage the company (5 marks) (Please write your answer to the question (2) here: You are required to prepare your answers to the working question in exc and then save and upload the assessment spreadsheet to Question 11 in the assessment link in order to officially finalize your answers. Please note that: - You will be assessed with your answers in the Assessment spreadsheet. - Save the document to your desktop using YourName_StudentID_CourseCode - Upload the Assessment spreadsheet when you finish. 1 A B I U S