10. Brantley Department Store distributes its overhead according to each department's ratio of total net sales. If the September operating expenses were $20,000, what was each department's share of the overhead? Department Net Sales Overhead Men's clothing $10,000 Women's clothing 12,000 Shoes 8,000 Small Appliances 20,000

10. Brantley Department Store distributes its overhead according to each department's ratio of total net sales. If the September operating expenses were $20,000, what was each department's share of the overhead? Department Net Sales Overhead Men's clothing $10,000 Women's clothing 12,000 Shoes 8,000 Small Appliances 20,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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PROVIDE Answer with calculation
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Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format income statement follows: Total Department Hardware Linens Sales $4,200,000 $3,090,000 $1,110,000 Variable expenses 1,240,000 840,000 400,000 Contribution margin 2,960,000 2,250,000 710,000 Fixed expenses 2,300,000 1,470, 000 830,000 Net operating income (loss) $ 660,000 $ 780,000 $ (120,000) A study indicates that $379,000 of the fixed expenses being charged to Linens are sunk costs or allocated costs that will continue even if the Linens Department is dropped. In addition, the elimination of the Linens Department will result in a 11% decrease in the sales of the Hardware Department. Required: What is the financial advantage ( disadvantage) of discontinuing the Linens Department?
4
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am. 211.
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