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The following information was obtained from the segment footnote for 1-800-FLOWERS.COM, Inc. 1. Complete the schedule filling in the correct amounts for variable expenses and
The following information was obtained from the segment footnote for 1-800-FLOWERS.COM, Inc. 1. Complete the schedule filling in the correct amounts for variable expenses and operating income. Include commas in numbers and dollars signs for operating income totals 1-800-FLOWERS.COM, Inc. Segment Margin Statement for the year ended July 2, 2018 Consumer Bloom Net Gourmet Food & Gifts Wire Service Floral |$437,132 $87,700 Sales $670,677 Variable expenses Contribution margin 77,312 51,860 32,383 27,000 40,820 Fixed expenses 14,000 Operating income In answering questions 2-5, include your formula and calculations 2. Compute the contribution margin ratio for each segment Consumer Floral: Bloom Net Wire Service Gourmet Food and Gifts 3. Compute break-even in sales for each segment Consumer Floral: Bloom Net Wire Service Gourmet Food and Gifts 4. Compute the degree of operating leverage for each segment Consumer Floral: Bloom Net Wire Service Gourmet Food and Gifts For questions 5 and 6, use complete sentences that make sense. 5. Which of the three segments contributes most to covering fixed costs and adding to operating income? Explain. 6. Which of the three segment is operating income is most sensitive to changes in sales volume? Explain
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